Regents Set Incidental and General Fees for FY2015

Board of RegentsCAPE GIRARDEAU, Mo., May 6, 2014 – The Southeast Missouri State University Board of Regents today set incidental and general fees for fiscal 2015.

The Board approved an increase to incidental fees of $3.35 per credit hour.  However, these fees will be waived due to anticipated increases to state appropriations.  Therefore, students will pay the same incidental fees in the 2014-2015 academic year as the current year.  The University will assess an additional $2.50 in general fees for maintenance and repair that was originally scheduled to be implemented in Fall 2013.  The combined per credit hour incidental and general fees charged to students beginning in fall 2014 will therefore be $231.25 for Missouri resident undergraduates, which represents a 1.1 percent increase on fees assessed to students in fiscal 2014. Total required fees per credit hour charged will be $409 for non-resident undergraduates; $292 for resident graduate students; $516 for non-resident graduate students; and $145 for lower division courses at the regional campuses.

Kathy Mangels, vice president for finance and administration, said Southeast’s Student Government endorsed this fee schedule at theirApril 21 meeting.

Based on the new rate schedule, Southeast’s incidental fees will remain lower than almost every comparable university in the region. Southeast’s incidental fees of $197.55 per credit hour for fiscal 2015 will be less than University of Missouri-Columbia’s rate of $274 per credit hour and Missouri State University’s rate of $204 per credit hour.

While the state legislative process has not indicated a definitive funding level for higher education at this point, the Budget Review Committee worked from the assumption of a 4 percent increase in state appropriations for fiscal 2014 when recommending fee rates for fiscal 2015, Mangels said. This equates to a $1.7 million increase for Southeast.  Mangels said Southeast has met all five performance funding indicators established with the Missouri Department of Higher Education for the fiscal 2015 appropriation process.