Mary Margaret Colliver
Joe Ruschell (left) talks with Board Chairman Steven S. Reed prior to being sworn in as the new student representative on the board. Ruschell, a senior from Lexington, majors in mathematics and economics.
“The university remains committed to the goal of achieving top-20 status and furthering its land grant and research mission of solving problems for Kentuckians while helping build the communities we serve. Compared to our benchmarks, many of which have had significant tuition increases, UK remains a value in education. Students at UK expect and deserve to be taught by the very best. They need quality classrooms, residence halls and research labs that promote an academic environment that inspires.”
-- Lee T. Todd Jr., President
March 18, 2003 (Lexington, Ky.) -- The University of Kentucky Board of Trustees today approved increases in tuition and room and board fees for UK students effective for the fall 2003 semester.
The increases were discussed and submitted to the trustees for action by the board’s Finance Committee, which met earlier in the day.
Full-time resident undergraduate students will pay $4,546.50 per year in tuition and fees, an increase of $572 or 14.39 percent. Non-resident full-time undergraduate students will pay $11,226.50, up from $10,526.50.
UK President Lee T. Todd Jr. said the tuition increases will enable the university to be more successful and more financially stable. The plan calls for an additional $1 million in need-based scholarships.
Todd said the tuition increases will raise about $14.5 million in additional revenue but will still leave the university far behind its funding needs because of budget cuts approved by the Kentucky General Assembly. Since the 2001-02 budget, UK’s state appropriations have been reduced by $31.5 million.
The president said the additional shortfall will be managed through savings achieved as a result of an academic and administrative reorganization, overhead cost recovery, and additional program reductions.
“The university remains committed to the goal of achieving top-20 status and furthering its land grant and research mission of solving problems for Kentuckians while helping build the communities we serve,” Todd said.
“Compared to our benchmarks, many of which have had significant tuition increases, UK remains a value in education,” Todd said. “Students at UK expect and deserve to be taught by the very best. They need quality classrooms, residence halls and research labs that promote an academic environment that inspires.”
For tuition and fee purposes, a full-time academic load for undergraduate students is 12 credit hours, or the equivalent; nine hours for graduate students; and 10 hours for law students.
Tuition and fees for Lexington Community College resident students will increase from $2,246.50 to $2,440.50 per year, and from $6,302.50 to $7,514.50 per year for non-residents.
Resident graduate students will pay $4,974.50 per year in tuition and fees, up from $4,346.50, and non-residents will pay $12,314.50, up from $11,564.50. New annual tuition and fees for resident students in other academic units include $5,742.50 for students seeking a master’s degree in business administration; $8,769.50 for law students; $7,687.50 for pharmacy students, $14,211 for medical students, $12,514 for dentistry students, and $6,651.50 for professional doctoral students.
The Board of Trustees also approved room and board increases for residence halls of about 6 percent. The residence halls housing and dining rate increases by $235 to $4,285. Housing fees at Greg Page apartments increase by $138 to $2,883.
Housing fees for four-bedroom units in University Commons will rise by $247 to $4,005 and two-bedroom units will remain unchanged at $5,265.
For those who purchase dining cards only, fees will increase by $102 to $1,500.
All the tuition figures and the room and board rates are accessible at www.uky.edu/Trustees/agendas/mar03/.