No Increases in UCM Tuition, Room Rates Signify Affordability, Success Commitment
Contact: Jeff Murphy
WARRENSBURG, MO (May 9, 2014) – Affirming its commitment to maintaining an affordable education for University of Central Missouri students, while also focusing on their success, the university's Board of Governors on May 9 approved the Fiscal Year 2015 budget. UCM students enrolled this fall will experience no increases in tuition or room rates for the 2014-2015 academic year as the result of board action.
"Recognizing that the cost to attend college is the single most important factor affecting families to pay for college and ultimately a student’s ability to complete college, the entire UCM community has worked hard to hold our tuition and housing increases to zero — and at the lowest rate in the nation over the last five years," said UCM President Charles Ambrose.
"On a commencement weekend where UCM will have a record number of graduates, the university’s commitment to strengthen college completion and enhance student success is truly taking learning to a greater degree," the president added. His comments followed the Board of Governors meeting that took place as the university prepared for its 143rd annual undergraduate and graduate commencement exercises, May 9-10.
The budget adopted by the board was based on revenues totaling more than $144.1 million. This represents approximately $2.7 million more in state funding for UCM, which is a 5 percent increase over the current budget. Tuition and room rates that were considered previously by the board, and were contingent upon legislative approval of Missouri Governor Jay Nixon’s 5 percent recommended increase in funding for Missouri higher education, were maintained in the budget adopted by the board.
In February, the board voted to continue for FY15 the current per-credit-hour rate of $213.15 for resident undergraduate students, $426.30 for non-resident undergraduates, $276.25 for resident graduates, and $552.50 for non-resident graduate students. Online and UCM Summit Center, Lee’s Summit, student instructional fees per credit hour will remain at $262.95 for undergraduates and $321.50 for graduate students. All other Extended Campus tuition rates will also remain at the FY14 rate. Student general fees will remain at $29 per credit hour per semester for students enrolled in less than nine credit hours, and a flat rate of $435 per semester will be incurred by students enrolled in nine or more credit hours.
The board in March agreed to maintain housing rates at $2,517 per semester for a double occupancy room and $3,117 for single occupancy rooms beginning this fall. Monthly apartment rates will be: Foster/Knox/Nickerson, $679; Todd Hall, $679 for a one-bedroom unit and $836 for a two-bedroom apartment, utilities included; Central Village, $554 for a one-bedroom unit, $669 for a two-bedroom apartment, and $800 for a three-bedroom apartment; and Greenwood Park, $731 per month for a two-bedroom apartment.
After the board’s budget approval, UCM’s efforts to provide affordable tuition resulted in average increases in tuition of 1.48 percent over the past six years. Cumulatively, these increases have consistently been below the Consumer Price Index.
In adopting the new budget, the board also recognized the strong contributions that UCM faculty and staff have made to help maintain an affordable and quality education for its students. Reduced state funding has resulted in many employees receiving modest or no salary increases in recent years. The board enhanced faculty and staff salary compensation in the form of a 2 percent increase or $600 increase annually per employee, effective in FY15.
"We are extremely grateful for our faculty and staff, who have made many sacrifices during tough budget years," said UCM Board President Marvin "Bunky" Wright, Columbia. "The progress we are making at UCM, including our efforts to maintain an affordable education, is truly a testament to their strong commitment, and willingness to go the extra mile to make the university an exceptional choice for our many students."