Tuition at the University of Kentucky is expected to rise 3% next year, the smallest increase since 1997. The finance committee of the UK Board of Trustees approved the suggested tuition hike without any discussion. The full board later approved it also. The increase still has to go to the Kentucky Council on Postsecondary Education for final approval.
The average in-state undergraduate student will pay $10,110 in the 2013-14 school year. It will be the first time that annual tuition has topped $10,000. Tuition at UK, the state's largest public university, has jumped 150% in the past decade.
The University of Kentucky Senate Council says UK President Eli Capilouto has created a budget crisis. The Lexington Herald-Leader reported the faculty group sent a memo to Capilouto on Thursday in which members said they recognized dwindling state financial support was part of a cutback, but said the current budget crisis is largely due to presidential priorities that include more than $50 million in new spending.