CAPE GIRARDEAU, MO (KFVS) - Students at Southeast Missouri State University will be shelling out a little bit more cash next year. The Board of Regents voted to raise tuition on Saturday.
The Board of Regents met on Saturday at 5 p.m. on campus at Glenn Auditorium.
It is a 3% fee incidental fee increase in tuition. It means the average in-state student would pay about an extra $200 a year.
According to the university, incidental fees charged to Missouri undergraduate students will increase by $6 per credit hour to $193.80 per credit hour. General fees will increase by 50 cents per credit hour to $31.20 per credit hour.
Based on increases approved today, total required fees per credit hour charged to students will be $225 for Missouri undergraduates; $399.50 for non-resident undergraduates; $280.50 for resident graduate students; $497 for non-resident graduate students; and $138.50 for lower division courses at the regional campuses, according to the university.
While university leaders say they hate to raise fees, costs have gone up. They're pretty pleased it's not a bigger proposed increase.
"We feel very good that we can keep it that low, we've made some cuts and consolidated some positions," said Dr. Ken Dobbins-President, Southeast Missouri State University.
President Ken Dobbins is also very pleased with recent news on the legislative level. SEMO was planning on a pretty big cut from the state, but if all goes well and Governor Jay Nixon signs off on it, Southeast will actually come out on top financially.
"We're cautiously optimistic because revenues have to be there next year, " said Dr. Dobbins. "So, it's a possibility the Governor will be required to withhold, let's hope not. It depends on the economy and how it reacts."
Southeast Missouri State was expecting an 8% reduction, but it looks like that won't be the case. If all goes the University's way, the school's looking at an additional $890,000 or so next year.
If that happens, Southeast's president says they'll use it for much needed programs.