The Kentucky Council on Postsecondary Education has approved a three to five percent limit on tuition increases for the upcoming school year.
During a meeting Friday at Northern Kentucky University, the board said tuition hikes were needed to help schools offset less state funding, as well as increases in operating costs and retirement fund contributions.
Even with the additional tuition revenue, campuses will face an $11.5 million shortfall for the 2017-18 year.
CPE President Bob King said it’s important to consider the net price of going to college as opposed to the sticker price.
"Even though the sticker prices go up, the net price to our students actually over the last five years has been relatively flat," King told WKU Public Radio. "That's because the campuses have been able to provide significant amounts of financial aid, either through tuition discounts or scholarships."