Saturday, April 21, 2012

 

UK Officials Plan Tuition Hike

{Lexington, Kentucky}...President Eli Capilouto says UK has lost $50 million in state funding since 2007, and, over the next two years, it faces another $20 million loss in the state budget and another $23 million gap from rising fixed costs, such as utilities and health care. University of Kentucky officials want to raise tuition by 6 percent for students and rule out raises for faculty and staff next year as they deal with a $43 million hole in the school's budget. For in-state freshmen and sophomores, that means tuition would jump from $9,128 this year to $9,676 in the 2012-13 academic year. For out-of-state students, tuition would increase from $18,740 a year to $19,864. While there will be no raises in 2012-2013, Capilouto said there will be a 5 percent merit pool for raises in 2013-2014. In addition, administrative units will be cut at higher rates to "help protect the academic core."



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