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MU avoids fine for tuition hike

MU avoids fine for tuition hike

March 15th, 2011 in News

COLUMBIA, Mo. (AP) - The state has approved the University of Missouri's request to avoid a fine for raising tuition and required fees 5.5 percent.

The Columbia Daily Tribune reported that David Russell, Missouri's higher education commissioner, said in a letter that the increase is substantially below what the university considered necessary.

Public four-year institutions wanting to increase tuition and fees more than 1.5 percent must seek a waiver from the state to avoid a financial penalty. It's part of a three-year-old law that caps tuition at the consumer price index.

The UM Board of Curators in January voted to increase tuition and fees by an average of 5.5 percent.

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Information from: Columbia Daily Tribune, http://www.columbiatribune.com