UofL to raise tuition by 5 percent after lost funding in state budget

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by WHAS11

WHAS11.com

Posted on May 8, 2014 at 4:08 PM

Updated Thursday, May 8 at 4:48 PM

LOUISVILLE, Ky. (WHAS11)—Tuition is going up again for students across the Commonwealth.

After the General Assembly again cut funding for higher education in the budget, schools are raising tuition to recoup losses from the missing funds.

On Thursday, the University of Louisville Board of Trustees approved an increase of five-percent for the coming 2014-2015 school year.

The University of Kentucky will raise tuition five to eight-percent for the coming year. The exact amount will be voted on the university’s Board of Trustees at an upcoming meeting.

Kentucky Council on Post Secondary Education gave the approval to universities to raise tuition by up to eight percent over the next two years on April 30. Community Colleges were also approved for a four-percent tuition increase as well.

The panel voted in favor of the increase so the schools can make up for the cut in state funding.
 

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