Kentucky Finalizes College Tuition Hike
By: Michael C. Fehn
Updated: June 25, 2012
Kentucky has finalized state colleges and universities tuition hikes for the 2012- 2013 school year, saying it could go up as much as six-percent.
The Council on Postsecondary Education approved the tuition and mandatory fee proposals Thursday in Frankfort.
Both the University of Kentucky and the University of Louisville will see the six-percent increase in tuition.
The council blamed the increases on state funding cuts to higher education over several years.
And for those Kentucky residents whose children's financial aid doesn't meet college expenses, there is now a state-based loan you can apply for.
The Kentucky Higher Education Assistance Authority says the loan has a lower interest rate than federal plus loans, and a parent can use it to help pay for a student attending graduate or professional school.
If the borrower begins paying the funds back while the student is in school, the interest rate is 7.25 percent with a 2 percent guarantee fee.
For more information, and a link to an application, click here.
The Council on Postsecondary Education approved the tuition and mandatory fee proposals Thursday in Frankfort.
Both the University of Kentucky and the University of Louisville will see the six-percent increase in tuition.
The council blamed the increases on state funding cuts to higher education over several years.
And for those Kentucky residents whose children's financial aid doesn't meet college expenses, there is now a state-based loan you can apply for.
The Kentucky Higher Education Assistance Authority says the loan has a lower interest rate than federal plus loans, and a parent can use it to help pay for a student attending graduate or professional school.
If the borrower begins paying the funds back while the student is in school, the interest rate is 7.25 percent with a 2 percent guarantee fee.
For more information, and a link to an application, click here.
Comments
Are their any common workers getting a 6 percent raise
JAY W.
June 26, 2012 at 2:22 pm
