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Missouri State, OTC Making Changes During COVID-19 Pandemic

Missouri State, OTC Making Changes During COVID-19 Pandemic

Missouri State, OTC Making Changes During COVID-19 Pandemic

Due to the COVID-19 pandemic, Missouri State University and Ozarks Technical Community College are missing out on millions of dollars in state funding.

In addition to having to pay back students with campus closing, Missouri State lost over $7 million in state funding.

With no more students living in dorms, MSU is paying over $4 million back to students from housing costs and meal plans.

And then the school is anticipating another $900,000 lost during summer courses.

The university says they are removing an incentive payment to educators, saving the school $700,000 of the losses from summer courses.

Close to 100 Missouri State employees are taking two-thirds of their normal pay.

The university has imposed a hiring freeze and has cancelled about 70% of its already planned construction projects.

MSU President Clif Smart is taking a pay cut during the summer months, along with other school leaders.

Another Springfield college, OTC is losing a little over $1 million in state funding.

OTC is also offering a retirement incentive for faculty who are eligible to retire.

Employees eligible to retire can retire and receive $500 for every year they’ve worked for the college, up to 20 years, or get two years of healthcare paid for.

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