(CAPE GIRARDEAU, MO) - The Southeast Missouri State University Board of Regents have approved their budget and it includes a tuition increase.
The new budget is $123.3 million for the next school year, which begins July 1. It includes tuition and fee rates to be assessed to students for the 2019-2020 academic year which were approved by the Board in May, expense reductions, revenue increases and an employee merit salary increase of 1 percent or $700, whichever is greater, for the next school year.
The $123.3 million operating budget includes $3.28 million in net revenue increases to meet the FY20 budget need, including a tuition increase for the coming academic year, an increased overhead contribution from auxiliary operations, adjustments to high cost program fees and changes to web course, transcript and orientation fees.
SEMO has a transfer program with Mineral Area College making the transition from MAC to SEMO seemless for a bachelors degree.