A new report from the University of Missouri calls tuition caps approved by the legislature "devastating" for the university's future financial security.
"If the University of Missouri tuition had had a CPI cap during the years since state support was reduced, it would have had an estimated $300 million less in tuition revenue at a time when the cumulative reductions in state support were $255 million," the Mizzou analysis said. "This would have had devastating effects on the university’s ability to support a 15 percent increase in enrollment, a change in mission to support economic development and a significant increase in externally funded grants and contracts."
Tuition caps are now a part of Gov. Matt Blunt's Lewis and Clark Initiative, approved by the legislature earlier today after the House granted final approval with a vote of 91-64. Blunt's office immediately heralded the passage of the proposal with a press release.
The Columbia Daily Tribune also addresses a potential flaw of the Initiative:
"The analysis also found that the amount of money available for state appropriations for public universities will be reduced because the bill pours more money into the new 'Access Missouri' scholarship program for students attending private colleges and universities."
Related Stories:
CDT: UM study sees tuition cap as ‘devastating’
CDT Politics Blog: No surprise: Blunt pleased with MOHELA plan's passage
CDT Politics Blog: MOHELA going to the Governor's desk
MissouriNet: Governor Applauds General Assembly for Passing MOHELA Bill
Monday, May 7, 2007
Mizzou calls tuition cap 'devastating'
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