LOUISVILLE, Ky.-- University of Louisville President James Ramsey says around 300 people have indicated they will accept a buyout plan offered in February.

Ramsey told The Courier-Journal on Thursday he expects savings from the buyouts to be more than the goal of $2.75 million. The buyouts were offered as a way to reduce salary costs amid state budget cuts and tuition and fee increases, and U of L said it hoped at least 200 employees would accept the offer.