Flash Flood Watch expires at 6:00 PM on 8/31, issued at 8:24 PM Annville, KY | Artemus, KY | Athol, KY | Barbourville, KY

Council Allows College Tuition Hikes

(WTVQ-TV, LLC)
(WTVQ-TV, LLC)
Set Text Size SmallSet Text Size MediumSet Text Size LargeSet Text Size X-Large
Share
Updated: 4/20/2012 5:50 pm
The Kentucky Council on Postsecondary Education took action on several tuition-related items and approved a dual credit policy at its meeting Friday at the University of Kentucky.

The Council set tuition and mandatory fee ceilings for in-state, undergraduate students for the state’s public colleges and universities for the 2012-13 academic year. The maximum base rate increases are 4 percent for the Kentucky Community and College System, 5 percent for the comprehensive universities, and 6 percent for the research institutions.

Even with the estimated $45.1 million that will be generated with the new tuition and fee revenue, campuses will be faced with a net operating deficit of $79.6 million for FY13.

The deficit stems from a $62.6 million cut in state general funds to public postsecondary education in the 2012 Budget Bill (HB 265) and an estimated $62.1 million increase in institutional fixed costs. The shortfall does not include the $38.3 million in unfunded maintenance and operation costs that the institutions have absorbed since 2008 or are expected to incur in 2012-13.

“These are difficult economic times all around. We understand that raising tuition, even at moderate levels, causes concern for our students and families. What would cause greater concern, however, is if we allowed the quality of our academic programs and services to deteriorate. These tuition ceilings strike the right balance between affordability concerns of Kentuckians and the needs of our campuses to serve students,” said Council President Bob King.

In other tuition action, the Council approved the 2012-13 floor for nonresident, undergraduate tuition and mandatory fees at two times the resident, undergraduate rate; approved allowing universities to submit market competitive resident and nonresident tuition and mandatory fee rates for graduate and online courses; and approved Northern Kentucky University’s 2012-13 tuition and fee rates with exceptions for selected nonresident rates.


Share
0 Comment(s)
Comments: Show | Hide

Here are the most recent story comments.View All

No comments yet!
Most Popular
One Dead, One Seriously Injured In Overnight Crash
The driver of a car was seriously injured and his passenger was killed in an accident early Saturday morning.
Kentucky suspends doctor over staff prescriptions
A doctor practicing at Harlan ARH Hospital has been suspended by the Kentucky Board of Medical Licensure after receiving an anonymous tip he was prescribing diet pills to the nursing staff.
Harlan ER doctor suspended by Kentucky board
A Knoxville, Tennessee, doctor practicing at Harlan Appalachian Regional Healthcare Hospital has had his license suspended by the Kentucky Board of Medical Licensure.
Fiery Crash Closes Stretch Of I-75 In Laurel County
A section of I-75 north of Corbin was closed for a time Friday evening following a fiery crash involving a Fed-Ex tractor trailer, according to State Police. Investigators said the driver had minor injuries.
Progress Report: Hemp Is Looking Good
Hemp is now back in the hands of just a few farmers, taking part in a hemp pilot program. A Rockcastle County farmer has dedicated his summer to growing the crop. Video Video
Inergize Digital This site is hosted and managed by Inergize Digital.
   

WTVQ.com supports children's privacy rights. All persons under the age of 13 MUST have parental permission to use this website and direct parental supervision is strongly recommended.