University of Missouri students are facing another tuition increase and the University is looking at cutting its central adminstration costs. University President Elson Floyd suggests a 3.2-percent tuition hike for next year, putting the tuition at more than $5,000 for 30 credit hours in the next school year. Floyd also says the university will cut more than $5-Million from its central adminstration by leaving some job vacancies open, wiping out financial reserves and digging into contingency funds.