The University of Missouri Board of Curators today approved tuition rates for the 2024-25 academic year.
The new rates maintain UM’s reputation for being a top value in higher education nationally and allow the UM System to continue investing in student success. Since 2018, UM’s strategy for investing in student success has resulted in historic highs in retention and graduation rates. Over the past five years, the university’s cost per degree has fallen 11% when compared to inflation.
Undergraduate tuition at all four UM universities will rise 5%. Graduate and professional tuition increases will range from 3% to 5%. Details will be available at each university’s website later today.
- University of Missouri-Columbia: https://cashiers.missouri.edu/
- University of Missouri-Kansas City: https://www.umkc.edu/cashiers/tuition-fees/
- Missouri University of Science & Technology: https://sfa.mst.edu/cost-estimates/
- University of Missouri-St. Louis: https://www.umsl.edu/sfs/tuition-fees/index.html
Even with the increases in tuition and fees, the cost of education at UM universities is significantly less than the national average. Additionally, the UM universities continue to outperform their peers related to retention and graduation rates, as well as post-graduation success, which is a measure of how many students achieve their post-graduation goals within six months of graduating. In 2023, more than 95% of UM students graduating achieved their post-graduation goals, nearly 9 points higher than the national average.
“We are proud to support student success by providing a world-class education at an exceptional value,” University of Missouri President Mun Choi said. “Our students are completing their degrees on time and with the experience needed to launch great careers right away. The tuition increase will ensure that we keep delivering results that change lives and support the economic development in Missouri.”
"As curators, we have two key guideposts when we consider tuition," said Robin Wenneker, chair of the UM Board of Curators. "First, we must be financially responsible fiduciaries of the university. Second, we must do all we can to provide an extraordinary educational experience that will position our graduates for immediate and long-term success. We are meeting both of these important objectives with today’s announcement and look forward to a promising 2024-2025 academic year at all UM universities.”
The tuition increases will continue to provide funding to:
- Invest in more course sections
- Invest in more advisors
- Invest in more faculty
- Invest in more tutoring support
- Invest in new classrooms and laboratories
- Invest in new instruments
- Invest in research opportunities