The Council on Postsecondary Education set tuition and mandatory fee ceilings for Kentucky universities and colleges at its meeting Tuesday.
These ceilings limit the amount public campuses can charge resident, undergraduate students over the next two academic years.
The ceilings will affect students at comprehensive and research universities, as well as students at the Kentucky Community and Technical College System. The Council set ceilings that average 4 percent a year, with a maximum allowable increase in either year of 5 percent.
There could be as much as a three dollar per credit hour increase each year for students at KCTCS. This also averages out to a 2 percent increase per year, but it is not to exceed more than $147 per credit hour in the 2014-15 academic year and no more than $150/credit hour in the 2015-16 academic year.
“The two-year approach accomplishes three key objectives,” said Council President Bob King. “It helps students and families plan ahead for college, moderates tuition increases over two years, and balances the need for our institutions to partially offset state budget cuts and increased fixed costs.”
Final action on tuition will be taken at the Council’s June 20 meeting when the Council will be voting on each campus’s proposal.