Jones: UM may have to raise tuition
Published: November 3,2009
JACKSON — Ole Miss chancellor Dr. Dan Jones told a crowd of about 100 people at yesterday’s Stennis Capitol Press Corps luncheon in Jackson that a "modest tuition increase" will be necessary to make up for cuts in state funds.
If not, Mississippi’s higher education system would be "devastated," Jones said, and would lead to the elimination of personnel and programs. He did not offer any specific percentage an increase would have to reach to be effective, but said he and financial officials would start crunching numbers in the next couple weeks.
Jones’ assertion is the clearest acknowledgement yet that the shortfall in state money will have to be made up with an increase in tuition. Higher education commissioner Dr. Hank Bounds told lawmakers during budget hearings in September that tuition hikes were a possibility, but not a guarantee.
Raising tuition is one of two ways Ole Miss will have to raise revenue, Jones said, with the other being an increase in enrollment.
"There’s going to be less (state) money to spend," Jones said.
October’s revenue collection were 6.66 percent, or $27.8 million, under estimates made as the Legislature wrapped up the 2009 session at the end of June. For the first four months of fiscal year 2010, revenue is $105.2 million, or 7.42 percent, below estimates.
Gov. Haley Barbour has already cut the budget of education, including colleges and universities, by 5 percent, trimming $172.9 million in September. Last month, Barbour told state agency heads to prioritize their programs in anticipation of an across-the-board cut of 7 percent.
Jones said revenue generated from a tuition increase would decrease the likelihood of eliminating programs and personnel, and would also keep stable Ole Miss’ need-based financial aid for students.
"We can’t limit access (to higher education) based on a family’s finances," he said.
To sign up for Mississippi Business Daily Updates, click here.
2 Responses to “Jones: UM may have to raise tuition”
Top Posts & Pages
- JOSH MABUS: Bill Murray and business misfits
- The Dan Jones-IHL saga: Is this the story that started it all?
- DAVID DALLAS — From Dan and Dixie with love
- Email from Nash to Delta Council’s Morgan included in DHA court file
- Dan Jones rejects IHL offer, won't publicly apologize
- Suit against Kemper employee Brett Wingo is dismissed
- Delta Health Alliance CEO Karen Fox under investigation for possible misuse of funds
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur
- BREAKING NEWS: Trustees offer new deal to Ole Miss chancellor Dan Jones