Springfield, Mo. -- (2/26/2018) Missouri State University is suffering a $8.6 million budget shortfall this year.
MSU President Clif Smart says the school is in year three of budget reduction which was an anticipated cut. MSU is continuing to work on efficiencies in reducing costs for about half of the savings as well as working on a series of tuition and fee increases to help make up for more the budget cut. However, MSU is giving an incentive to students by reducing the number of credit hours to graduate to make it more affordable.
The five affordability measures we rolled out in January were done to work on the affordability piece," said Smart. "So for all of our folks graduating from here having to pay for five less credit hours will reduce the cost eleven hundred dollars for them. If in return for that there is a increase in tuition we think that will more than offset that."
Smart says the school is exploring a variety of paths during this cut and if funding is restored and the money not withheld, then the school would work on rolling back some of the tuition fees that have recently increased.