The University of Missouri System will have to cut programs, make layoffs, raise tuition or potentially all of the above if it’s going to keep up with funding cuts, new UM System President Mun Choi said Friday.
In his first press conference since taking office March 1, Choi said the UM System faces cuts that amount to about 11 percent of its budget. If the system were to offset that with tuition alone, he said, it would require a hike of nearly 17 percent — a rate the university is not considering.
But tuition is expected to go up.
Choi said he is working with system leaders to determine a price increase that “keeps our tuition affordable, but also provides the revenue that we need to ensure that we have enough faculty members to teach the courses that our students need.”
Potential layoffs could make that even more difficult. Eighty percent of the system’s budget goes to wages and salaries, Choi said, and every million in funding reductions equates to about 13 full-time employees.
Read more: Columbia Missourian