Finance manages the UM System budget, including the funding for all four campuses. The budget supports the University’s mission of educating students, conducting research, providing public service and strengthening Missouri’s economy. Multiple funding sources form the general operating budget, which outlines how the University allocates money for its daily operations.

State Funding

As a publicly-funded institution, the University submits a request each year to the State of Missouri to fund a portion of its core operating funds. Appropriations are the state’s investment in the University’s mission and its impact on students, communities and the state’s economy.

The University also will sometimes ask for funding for capital projects, which are major, long-term investments in physical assets to build, improve or repair University facilities.

Tuition & Fees

Student tuition and fees make up part of the university’s core operating fund, which helps pay for academic programs, student services like advising and libraries, campus maintenance and safety, and extracurricular activities. Rates are established for all UM System institutions by the Board of Curators. Billing, refunds and other related student finance transactions are handled by your local cashier’s office.