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NW Missouri Times

Wednesday, December 25, 2024

Regents approve 2024-25 tuition rates with continued focus on affordability, new programs, Martindale renovations

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Dr. Lance Tatum, President | Northwest Missouri State University

Dr. Lance Tatum, President | Northwest Missouri State University

Northwest Missouri State University's Board of Regents has approved the rates for the institution's 2024-25 academic year, emphasizing accessibility and affordability. The approved 4.2 percent rate increase aligns with the University's commitment to meeting student expectations and operational excellence in the competitive higher education market.

In his address to the Board, Northwest President Dr. Lance Tatum expressed gratitude for the opportunity to lead the institution. He also reflected on the University's achievements and the foundation laid for future success. Tatum highlighted the ongoing efforts to enhance recruitment practices and improve employee compensation.

Regarding the proposed rates, Vice President of Finance and Administration Stacy Carrick highlighted Northwest's efficiency in managing costs and pricing competitively. The University's net price remains below the state average of its top competitors, with a significant percentage of students benefiting from scholarships and grants to reduce tuition costs.

In addition to the approved tuition and fee rates, the Board sanctioned the creation of new academic programs. A Bachelor of Science degree in public health and a graduate certificate in data analytics will be introduced in the upcoming academic year. These programs aim to cater to students' interests in public health and data analysis, providing them with essential skills and knowledge in these fields.

Furthermore, the Board approved the next phase of renovations for Martindale Hall, a significant facility on campus. The planned renovations and expansions will accommodate allied health sciences programs, including the establishment of labs and collaborative spaces for students. The project is set to cost $17.5 million, with partial funding secured from the Missouri General Assembly.

In closing his remarks, President Tatum acknowledged the contributions of Clarence Green, a key figure in the university community. Despite Green's absence at the meeting, Tatum praised his dedication and advocacy for the institution, expressing confidence in Northwest's continued progress under his leadership.

The Board's decisions reflect the University's dedication to providing quality education, enhancing facilities, and supporting its community.

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