Report: Kentucky Colleges Awarding More Diplomas, But Students Receiving Less State Financial Aid
A new report shows more students are graduating from Kentucky's public colleges and universities but are having a tough time getting financial aid from the state.
The Council on Postsecondary Education's annual accountability report shows state colleges and universities conferred more than 62,400 degrees and certificates in the 2012-13 school year, a 13 percent increase from four years ago.
But more than 107,000 students who qualified for financial aid were denied because the state did not have enough money to give it to them -- a 57 percent increase from four years ago.
Council President Robert King urged state lawmakers to protect student financial aid money in future budgets. State Sen. Stan Humphries, chairman of the higher education budget subcommittee, said lawmakers need to carefully watch the scholarship money.