The Kentucky Council on Postsecondary Education voted Thursday to cap tuition increases for in-state undergraduate students at the state’s public schools at three percent. It’s the smallest average tuition hike for Kentucky’s public institutions in 15 years.
WKU President Gary Ransdell spoke to the CPE at its meeting at Lindsey Wilson College, and asked for a five percent increase for WKU.
In an email to faculty and staff Thursday afternoon, Dr. Ransdell said WKU will have to endure a budget cut due to the smaller-than-hoped-for tuition increase.
"A five percent increase would have given us a balanced budget for next year with no cuts," the WKU President wrote. "This CPE action, however, means that we have budget work to do before taking a balanced budget to our Board of Regents in June."
"We will take this in stride as we have done for the last several years. I have asked the Vice Presidents to begin making recommendations as we begin budget reduction conversations on Monday. Every effort will be made to protect as many jobs as possible and to act in the best interest of our students and employees. I will be back in touch in due course as options take shape. "
CPE President Bob King said the board felt that tuition increases should be kept "as minimal as possible" given the "challenging economic environment" that students are facing.
Kentucky manufacturers will benefit from a new partnership between universities, professionals, and state and federal partners.
The Advantage Kentucky Alliance was announced Friday at WKU's Center for Research and Development.
The aim is to move Kentucky from traditional manufacturing to advanced manufacturing. WKU President Gary Ransdell said it's important for universities to be involved in the economies they help create and sustain.
"Universities first and foremost have to be about economic development. The time has long since passed when our primary mission was to just educate students,"said Dr. Ransdell. "As I've said for many years, educating students is a means to a much more important end and that more important end is driving Kentucky's economy and improving the quality of like for people within the reach of our universities."
The Kentucky Association of Manufacturers and local chambers of commerce will help connect manufacturers to alliance members who can address their needs, such as finding new revenue streams, developing new products and services, and learning new processes to become more efficient.