Tennessee higher education officials have approved tuition hikes of close to 9 percent for some of their institutions this fall.
The finance committee of the Tennessee Board of Regents voted Thursday for a 6.9 percent tuition increase for its universities, 5.8 percent for community colleges and 8.5 percent for its technical institutions.
The Regents' full board is scheduled to vote on the increases on Friday.
The TBR oversees six state universities, 13 community colleges and 27 colleges of applied technology.
Most students in the University of Tennessee system will see a 6 percent jump after the UT Board of Trustees approved the increase on Thursday.
The increases are mostly a result of state revenue shortfalls that made it tough for the governor and the Legislature to appropriate new funds.
Students at Kentucky's community and technical colleges are facing higher tuition costs the next two years. The Kentucky Community and Technical College System's Board of Regents approved a budget for the upcoming academic year that includes a nearly 2.1% tuition increase for in-state students.
The Board approved a $924.1 million budget for the state-wide system of 16 colleges and more than 70 campuses for the next year.
Board members approved higher in-state tuition rates for the next two academic years. For the next school year, tuition will go up from $144 per credit hour to $147. In-state tuition for the 2015-16 academic year will be $150 per credit hour.
The President of WKU says he’s not counting on a big tuition increase to help offset a proposed cut in state funding for universities.
Dr. Gary Ransdell says he believes the Council on Postsecondary Education will cap the next round of potential tuition increases at about three percent.
That’s the increase the CPE set last April for in-state undergraduate students beginning this fall. President Ransdell told WKU Public Radio that it’s probably not realistic to expect anything more than that.
“Even if the CPE would allow a higher number, we’re not likely to go there,” Dr. Ransdell said during a break in Friday’s Board of Regents meeting. “So we’re going to have a modest tuition increase. Every year there’s going to be a tuition increase. It will simply cover our fixed-cost increases. These other items are going to have to be funded in some other way—probably through redirection of funds within our budget.”
The proposed budget announced by Governor Beshear this week includes a 2.5 percent spending reduction for state universities, which amounts to a loss of $1.8 million for WKU in fiscal year 2015.
Kentucky minimum wage increase?
A proposed increase in Kentucky’s minimum wage would add an estimated $419,000 to WKU's current payroll obligations. Kentucky House Speaker Greg Stumbo is sponsoring legislation that would boost the state’s minimum wage to $10.10 an hour, up from the current $7.25 an hour.
Originally published on Thu August 22, 2013 5:47 pm
The big idea in President Obama's new proposal for tackling the growing crisis in college affordability can be boiled down to this: linking federal higher education aid to a new grading system that would rate colleges and universities on the "value" they provide students.
WKU President Gary Ransdell's interview with WKU Public Radio
WKU President Gary Ransdell stopped by the studios of WKU Public Radio Tuesday morning to discuss state funding for higher education, a recent announcement regarding how university construction projects will be financed, and the impact of rising tuition rates on current and future students.
President Ransdell spoke with WKU Public Radio News Director Kevin Willis. Here are some excerpts from their conversation:
Kevin Willis:Last week it was announced that Governor Beshear and state legislative leaders were backing $363 million in bonds for university construction and renovation projects. But it was understood that the schools themselves would be footing the entire cost for their respective projects, with no extra state funding involved. WKU was given approval for $22 million in bonds for a new Honors College and International Center.