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Missouri Remains #1 in the US in Holding Down Tuition Increases

And More DED News

An independent annual report released today shows Missouri continues to lead the nation on an important measure of college affordability, Gov. Jay Nixon announced. The College Board’s 2015 Trends in College Pricing report shows that tuition and fees at Missouri’s public four-year institutions have had the lowest rate of increase than any other state in the nation since 2008.

“This report reaffirms Missouri’s leadership in keeping a lid on tuition hikes, especially when compared with the dramatic tuition increases seen in other states,” Gov. Nixon said. “Easing the burden of student loan debt has been one of my top priorities from Day One, and that is why I look forward to working with the General Assembly to once again freeze tuition for Missouri undergraduates next year.” 

In September, Gov. Nixon was joined by leaders of the state’s public 2- and 4-year institutions to announce an agreement to freeze tuition for Missouri undergraduates for the 2016-2017 school year.  The Governor’s Fiscal Year 2017 budget will include an additional $55.7 million, a 6 percent increase, in performance funding for higher education, which will bring total state funding for higher education to a record $985 million next year.

“In addition to holding down college costs, we have also focused on quality - providing students with the world-class education they need to compete in the global economy,” Gov. Nixon said. “I want to thank our outstanding higher education institutions for working hand-in-hand with us to make Missouri a national leader in college affordability and quality.”

Gov. Nixon has made higher education quality and affordability a priority of his administration. In 2010, Gov. Nixon convened a Higher Education Summit and called on higher education leaders to adopt an agenda focused on four key areas: affordability and attainment; quality and effectiveness; collaboration; and performance funding.   Over the last five years, significant progress has been achieved in all of them.

This is the fourth tuition freeze Gov. Nixon has announced since taking office in 2009. According to the most recent data available from the College Board, tuition and required fees at Missouri’s public universities increased by just 9 percent between 2008-09 and 2015-2016, the smallest increase in the nation. By comparison, the average increase nationally over the same period was 33.5 percent.

This emphasis on affordability has helped drive a surge in enrollment on many campuses, and the recent increase in the percentage of Missourians with a college degree ranks among the top 10 in the nation.  This year, Gov. Nixon worked with the General Assembly to pass a $200 million Building Affordability initiative that will help higher institutions hold down college costs.  In addition, Programs like Caring for Missourians, Training for Tomorrow and MoSTEMWINS have prepared thousands for careers in high-demand fields.

For more information on this top visit the Governor's Website and for more economic development news watch the short video below.