Northwest Missouri State University’s Board of Regents approved tuition and fees for the 2014-15 academic year in addition to setting in motion plans for an extensive upgrade to the University’s fitness facilities.
The Board unanimously approved no increase in undergraduate tuition for the upcoming academic year, as long as state funds do to not dip below 5% within the state’s finalized budget.
Graduate tuition for fall 2014 will increase by 1.5 percent, which is reflective of the Consumer Price Index increase.
Missouri Gov. Jay Nixon, during a visit to the Board meeting after the vote, applauded the University and its Regents for holding undergraduate tuition and working to keep college affordable. Nixon is hoping to provide a generous increase in state funding for the state’s public four-year universities in his 2015 budget.
School officials say Northwest’s tuition increases are the lowest in the nation during the last five years, while its placement rates for undergraduates and graduates are 97.4 percent and 99 percent, respectively. While 90 percent of Northwest students receive some type of financial assistance, the University’s student loan default rate and student indebtedness also fall below state and national averages.