Student Affordability Initiatives FY2020
The University of Missouri is implementing an innovative strategy to keep its prices competitive with the market, develop a true low-cost option to drive demand to high capacity residence halls, and increase rates in select areas based on demand.
Summary of changes
Keeping all halls open for fall, winter and spring breaks.
Benefit to students: Students will not be billed additional for extra days, saving each student up to $1,330, compared to previous years, billing at $28.33/day.
Modifying dining plans to make them easier to understand and more flexible with lower cost options.
Benefit to students: The smallest plan available is $100 less a month than the current year. The plan we anticipate students choosing the most is $100 less a year than the current primary plan.
Reducing room rates for more than one-third of available rooms.
Benefit to students: A true low-cost option, with 15 percent of housing options starting at $5,999 per year ($667/month), for a total annual savings of $430 compared to lowest rates for current academic year. Over a two year period, these rates have decreased 11.4 percent.
Students will be able to live and dine on campus for as low as $850 a month — a total savings of nearly $150 a month compared to the lowest-priced option for the current academic year.
When combined with the primary dining plan, more than 83 percent of students will pay less next year for on-campus housing and dining.
Offering free summer 2019 housing for returning students who select rooms in 365 residence halls for the 2019–20 academic year.
Benefit to students: Savings of $1,255–1,755 per student.
Consolidating the pricing structure by reducing the number of price points from 12 to 8.
Benefit to students: Students can move between residence halls and not be charged extra for a room that is comparable, but was previously priced differently.
Adding ability for incoming freshmen to preference price over other variables (room style, location etc.).
Benefit to students: Ensures students who are price sensitive can be placed in the most affordable option available.
Engaging publishers and content distributors to add to our suite of solutions that support the A&OER initiative.
Benefit to students: Decreases the average cost of course material per class 7 percent (from $73 to $68), saving students $3 million across our four universities.
|Housing option||Contracts start at||Monthly expense starts at|
|Traditional double, academic year||$5,999||$667|
|Single rooms, academic year||$7,425||$825|
|Dining option||Academic year||Monthly cost|
|Dining plans are required for first-time college students.
* Tiger Plans are declining balance plans that can be used at any dining location
|Tiger Plan Plus||$3,000||$333|
|Tiger Plan Platinum||$3,400||$378|
|Mizzou Block 275||$3,760||$418|