The Council on Postsecondary Education has approved a six percent tuition increase for the universities of Louisville and Kentucky. The council also capped tuition at four percent for community colleges system and five percent for the state’s comprehensive universities. It’s expected these rate increases will result in over $40 million for the institutions but schools are still expected to accrue deficits due to cuts to the state budget and rising maintenance costs.
Higher education took a cut of 6.4 percent in the latest state budget, while most other agencies received 8.4 percent cuts.
University of Louisville’s president James Ramsey addressed students and faculty this month explaining the tuition increase, but the U of L finance committee and board will vote on the tuition hike in June.