Tuition going up at UK, faculty/staff to receive raises

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LEXINGTON, Ky. (WTVQ) – Tuition is going up at the University of Kentucky for the 2017-18 academic year following approval Tuesday at a special board of trustees meeting.

Tuition will go up 4 percent for in-state students and 6.5 percent for out-of-state students.

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The increase for first-year students will take in-state tuition and fees from $5,660 to $5,886 per semester; out-of-state tuition will go from $13,078 to $13,928.

Mandatory fees will go from $1,486 a year to $1,538.

The university’s $3.7 billion budget includes a proposed 2.5 percent merit raise for employees in the fiscal year that begins July 1, 2017.

The proposed budget also calls for an 8 percent increase in student aid for a total of $126 million.

The board is scheduled to vote on the full budget on June 16.

Below is the news release from the school following Tuesday’s meeting:

President Eli Capilouto said the University of Kentucky’s proposed $3.7 billion budget for 2017-2018 will make historic investments in faculty and staff, while continuing to focus on affordability for students and families.

Specifically, the recommended budget and tuition and fees that were presented to the UK Board of Trustees Tuesday include:

• A salary merit pool of 2.5 percent that, if approved, would be the fifth consecutive year under Capilouto that faculty and staff have received salary increases — an unprecedented investment in recent memory.
• A 4 percent tuition and mandatory fee increase for students from Kentucky; 6.5 percent for students from outside the state. This would be the fifth consecutive year of tuition increases of no greater than 5 percent for Kentucky resident students.
• An 8 percent increase in student financial aid and scholarships funded by UK to $126 million.

The Board of Trustees voted to approve the tuition and mandatory fee increase and will vote on the budget at its June 16 meeting.

“We are focused on our people — the students we serve and the faculty and staff who carry out our mission and moral responsibility to teach, conduct research, and provide care and service throughout our Commonwealth, and around the world,” Capilouto said. “This budget reflects our priorities of student success and affordability, consistent movement toward competitive pay for our employees, enhancing academic quality and a commitment to being a community of belonging that makes our university stronger and more vibrant.”

Highlights of the proposed budget include:

• Tuition and mandatory fees for first-year students would increase for Fall 2017 to $5,886 from $5,660 last year for Kentucky students. Non-residents would pay $13,928 this fall, up from $13,078.
• This is the fifth consecutive year of tuition increases of no greater than 5 percent for Kentucky resident students; and out-of-pocket expense for tuition and fees each semester for undergraduate resident students has grown by less than $600, on average, between 2010 and 2016.
• As a result of the increase in institutional aid and scholarships, about half of UK students continue to graduate without debt. The default rate on federal student loans for UK students is 4.4 percent; the national default rate is more than 11 percent.
• Last fall, 85 percent of resident undergraduates received student financial aid or scholarships. These students paid, on average, about $1,360 out of pocket for the semester in tuition and mandatory fees. And families with the most need pay the least. Most students coming from a family with income of less than $20,000 paid about $465 out of pocket for tuition and mandatory fees for fall 2016.
• UK would make an investment of $2.5 million toward colleges with proven programs and measurements that improve student success. Additional dollars are being invested in a continuing fighting fund to help retain faculty.
• The total budget would increase by about $100 million over last year, largely the result of the continued expansion and strength of UK HealthCare.
• Debt service would represent less than 3 percent of the proposed operating budget even with more than $2.2 billion in construction on living, learning and research spaces in the last six years under Capilouto and the Board of Trustees.
• The university would make an investment of $1 million in a recurring capital renewal pool – which now is up to $8 million – to address deferred maintenance and modernize our campus. And a new fund, with an initial $500,000 investment, will create for a pool of funds to address utility needs.

“Our board has made clear under President Capilouto that we must be focused intently on our missions of education, research, service and care,” said UK Board Chairman Britt Brockman. “This budget does that with strong financial management and clear investments in the students we teach, the research we conduct that addresses our state’s most significant challenges, and the growing presence of our health care enterprise across Kentucky.

We are focused on Kentucky. And, and as this budget reflects, we are focused on the future.”

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Tom Kenny joined ABC 36 News in June of 2001 as a General Assignment Reporter. A native of Peoria, Illinois, he graduated cum laude with a Bachelor of Arts in Mass Communications from Western Illinois University. He currently anchors ABC 36 News at 5pm, 6pm and 11pm. Tom has more than three decades of experience in broadcast journalism. He is the only broadcast journalist in Lexington television history to be honored with a national Edward R. Murrow Award. Tom was recognized for reporting on a story that gave a rare glimpse inside the secretive world of the Federal Witness Protection Program. He has won an Emmy Award for anchoring and another for investigative reporting, exposing the deceit and potential danger of online diploma mills. Tom has ten other Emmy nominations to his credit for investigative and feature reporting. He has won Associated Press Awards for reporting and anchoring. He has won two Addy Awards for excellence in promotional writing. Tom was the first broadcast journalist in Lexington TV history to be awarded the Silver Circle Award by the National Academy of Television Arts and Sciences. It is one of the highest honors given by NATAS. It recognizes television professionals who have performed distinguished service within the television industry for 25-years or more. Tom was honored for more than his longevity, he was recognized for making an enduring contribution to the vitality of the television industry and for setting high standards of achievement. He was also recognized for giving back to the community as a mentor, educator and volunteer. Tom also has network broadcast experience in radio and television having worked as a sports reporter for ESPN, Sportschannel, NBC Sports and the Breeders’ Cup. He was also the studio host and halftime producer for CBS Radio Sports’ College Football Game of the Week and covered the NFL for One-On-One Radio Sports. Prior to joining WTVQ-TV, Tom was Vice-President of the Houston Astros Minor League baseball team in Lexington. He was part of the original management team that brought professional baseball back to the Bluegrass after a nearly 50-year absence. Tom has lived in Lexington since 1984. In that time, he has been heavily involved with dozens of charity and civic groups, with a special emphasis on helping Veterans. He can be reached at tkenny@wtvq.com. You can also follow Tom on Facebook www.facebook.com/TomKennyABC and Twitter @TomKennyNews. Just click on the links at the top of the page.