University of Louisville President Dr. James Ramsey says he expects the Kentucky Council on Postsecondary Education to approve U of L’s request for a six percent tuition hike that would take effect next academic year. Ramsey says for more than a decade now, his and other public institutions have had to find ways to offset annual cuts in state funding, and for the third straight year, U of L is seeking a six-percent tuition increase, the maximum allowed by the council.
He says to soften the financial hardship on students, the institution is trying to raise more funds for tuition and other assistance.
“The biggest item of our capital campaign that we’re raising money for is scholarships and student financial aid. So we are raising more money for that. We’re trying to do other things and generate other revenue sources,” he said.
The Council on Postsecondary Education will consider tuition hike requests from U of L and other schools tomorrow in Lexington. U of L’s increase must still be approved by the board of trustees finance committee next month and the full board in June.
Ramsey presented the university’s proposed budget to students, faculty and staff today.