UK Trustees Bump Tuition/Fees Another 6%
LEXINGTON, Ky. - For the ninth consecutive year students at the University of Kentucky will be asked to dig deeper to pay for their education.
The UK Board of Trustees on Tuesday voted to raise tuition and fees at the state’s flagship university an additional 6 % beginning next fall. Tuition for in-state students will rise from just over 91-hundred dollars per year, to more than 96-hundred next academic year. UK President Eli Capilouto says the hikes are only part of the equation.
“We had a state cut of over 6 percent – that’s about 20 million dollars. It is mitigated somewhat by the reallocation that we’re doing such that our academic units will face cuts of 3.3 percent. Our administrative units are going to have to do a heavier lift; in finding cuts of five percent.”
Capilouto emphasized that if lawmakers keep educational funding levels at their current level next year, the university would only be asking the Council on Postsecondary Education to approve a 3 percent tuition hike for the 2013 academic year.