LEXINGTON, Ky. - Tuition, fees, and on-campus housing rates are on the rise at the University of Kentucky. UK’s Board of Trustees approved the changes at its meeting Tuesday afternoon.
In-state students at the University of Kentucky will see tuition and fees increase by 3 percent beginning next academic year, and out-of-state students will pay 6 percent more.
President Eli Capilouto characterized the increases as ‘modest,’ noting that it’s the lowest annual percentage increase at UK since 1997.
“Our tuition and fee increase we’re holding to three percent. It was a commitment we made when we went through our budget planning beginning twelve months ago. We thought the principle of access and affordability should be respected.”
For in-state undergraduate students, tuition will be $9,966 a year beginning next fall, up $290 from the current academic year.
Trustees also approved 3 percent increases in on-campus housing rates and meal plans.
“Our students at the University of Kentucky, half of whom leave with no debt, and those who do have debt, they’re at reasonable amounts. So I feel like we’re offering an incredible value for the price,” said Capilouto.
The tuition increase must be still be approved by the Kentucky Council on Postsecondary Education.