MSU approves 2021-2022 budget, announces 1.25% tuition increase

June 18, 2021

Al Greenfield,

MOREHEAD, Ky. (WTVQ) – During its quarterly meeting on Thursday, June 17, the Morehead State University Board of Regents voted to approve the 2021-2022 University Operating Budget of $145,500,000, a Tuition & Fee Schedule and Personnel Roster.

The Tuition & Fee Schedule approval included a 1.25% increase to undergraduate tuition, freezes on graduate tuition and housing rates and a facility fee increase of $2.50 per credit hour.

Additionally, the Board also approved a Faculty Compensation Plan to assist in alleviating salary inversion between tenure track faculty ranks, Athletic Coach Employment Extensions and the demolition of two single-family residences located at 419 East Main Street. After demolition, the sites will be graded out to drain and sowed with grass to create green space. The Audit Committee met and approved the Single Audit Report for fiscal year ended June 30, 2020, as presented by Dean Dorton Allen Ford, PLLC.

The board also went over reports and presentations on Personal Service Contracts, University Fundraising, Strategic Branding and a report on Student Government Association activities from Regent Emily Wiley.

Left to right: Associate Director of Student Activities Shannon Colvin (Class of 1989, 2003), Associate Professor of Psychology Dr. Shari Kidwell and MSU President Dr. Jay Morgan.
(Source: Morehead State University)

President Jay Morgan and the board recognized Dr. Craig Dennis (Class of 1989, 1991, 1994) for service over the past three years as Staff Regent. Other years of service recognitions included faculty member Dr. Shari Kidwell, and MSU staff member Shannon Colvin.

The board also acknowledged the generosity of Fred Ross and Adrian Swain for their financial contributions to the Soar to New Heights Scholarship Campaign.