Northwest Missouri State University’s Board of Trustees Approved Student Fees for the Institution’s 2022-23 Academic Year, Including Tuition and Fees, Room and Board Rates, and Fees additional.
Undergraduates attending Northwest next fall will see an estimated average net increase of four percent, or about $413, based on 28 credit hours. Tuition fees for on-campus graduate programs will also increase by 4% in line with market research and on-campus undergraduate tuition, while off-campus graduate programs maintain a tuition fee. tuition and non-standard fees that vary from traditional courses.
Presenting the proposal to the regents, vice president of finance and administration, Stacy Carrick, said the rate increases are in line with the consumer price index (CPI) of seven per cent. The approved increase also complements the implementation of a single blended tuition rate approved by Regents last year to accommodate student preferences and flexibility in course delivery.
“The North West leadership team continues to focus on affordability,” Carrick said. “We keep this priority in mind for access and affordability for our students.”
Carrick noted that Northwest’s focus on student affordability and competitiveness is reflected in its prominent metrics. The university’s net price is in the bottom third of its peers and ranks below the state averages of major competitors Missouri, Iowa, Nebraska, and Kansas. Additionally, 98% of first-time full-time students attending Northwest and 85% of undergraduate students receive some form of financial aid.
In addition to tuition, room rates will not increase while meal plans will increase by an average of 7.7%, or $306, according to the CPI of out-of-home food and the catering contract of the university.
Two regents voted “no” to the new increases. Regent Jason Klindt voiced his no-vote reasoning to be with the highest enrollment in history that efficiencies should save any student cost increases while Regent Lydia Hurst, who also voted against increasing student costs, noted that families are affected by another inflation. concerns, including gas prices. Hurst resigned from the regents later that day.
The Northwest Student Senate supported the proposal and voted to raise the employment program fee by $4 per credit hour, resulting in a $10.30 per hour pay increase for student jobs . Northwest cites its International Benchmark Student Employment Program, which provides about 1,200 jobs for college students, as a valuable part of the school’s work experience.
Carrick added that Northwest achieves competitive pricing through operational efficiencies and cost containment strategies. According to a report released by the Missouri Department of Higher Education and Workforce Development in 2021, the Northwest is most effective with state credits by degree and certificate awarded among universities in Missouri. ‘State. Additionally, the report showed that Northwest receives the second-lowest level of funding per full-time equivalent.
Regents have approved a proposal, a 6-1 vote seeing a ‘no’ vote from Hurst, to renovate the third floor of Martindale Hall which is contingent on the university receiving approximately $1 million in funding from a external donor. With their approval, the Regents also authorized North West President Dr. John Jasinski and Carrick to perform a contract not exceeding $1.3 million.
The renovation project targets a 4,260 square foot section of the third floor of Martindale Hall, which includes multi-purpose spaces and storage areas. The upgrades will provide academic laboratory space to support social services and academic counseling programs within the School of Health and Welfare Sciences, as well as faculty and staff offices.
Carrick said the Regent-approved project is the first phase of long-term plans for the renovation of Martindale Hall, which opened in 1926 and was last renovated in the mid-1970s.
In other matters, the regents approved the creation of six programs at the Melvin D. and Valorie G. Booth School of Business in Northwest. The new online programs consist of two Masters of Business Administration (MBA) degrees, with a focus on accounting and a focus on finance, as well as 12-hour certificate programs in accounting, finance, human resource management and marketing, all of which will be launched next fall.
The regents also ratified the appointments of four adjunct professors to teach this spring.