<p>We received a letter yesterday that MU tuition is going up next year by $1,360 to $30,040 for the year. Room and board is going up $300 which is not too bad, but another good reason to stay with the 125 meal plan.
The good news is that MU has approved to increase the amount of money available for financial aid. This money is coming out of the endowment. For those families with incoming first year students stay in contact with the financial aid office. Let them know if you need more aid. As it gets closer to May 1st, they will have a better idea of how much aid money they have available.</p>
<p>Just need to put the increase in context. Last year, the increase was 3.0%, this year, 4.5%. I may have a distorted viewpoint where the University of California system increased tuition 30% this past semester, but MU appears to be trying to keep the costs under control. </p>
<p>When I was preparing spreadsheets for S’s options, I figured 5% annual increases, so MU is under budget!</p>