Contact: Mary Margaret Colliver
(l-r) UK President Lee T. Todd Jr., Megan Applegate, Patrick Clements and Kentucky State Treasurer Jonathan Miller
“Today marks an important and exciting landmark for the KAPT program. These students are real proof that higher education can be affordable for every Kentucky child through programs such as KAPT.”
Kentucky State Treasurer
LEXINGTON, Ky. (Sept. 13, 2004) -- University of Kentucky President Lee T. Todd Jr. and Kentucky State Treasurer Jonathan Miller today welcomed members of the first freshman class at UK to pay for their education with KAPT, Kentucky’s Affordable Prepaid Tuition program. Todd and Miller were joined by Joe McCormick, executive director of the Kentucky Higher Education Assistance Authority, which administers the KAPT program, along with students, Patrick Clements of Bardstown, Megan Applegate of Lexington, and Laura Fletcher of Leitchfield.
While the KAPT program was begun in 2001 under Miller's leadership, this fall marks the first opportunity that entering college freshmen have used KAPT funds to pay for their higher education. The program requires that a student be enrolled in KAPT at least two years before matriculating at college. Approximately 150 Kentucky college freshmen are expected to use an estimated $867,000 in KAPT benefits during the 2004-2005 academic year.
KAPT makes it easier for Kentucky families to afford a college education for their children or grandchildren by guaranteeing the cost of tomorrow’s tuition at lower prices today. KAPT was launched in September 2001 after being created by a unanimous, bipartisan vote of the Kentucky General Assembly. Today there are over 7,000 Kentucky families enrolled in the program.
“Today marks an important and exciting landmark for the KAPT program,” said Miller. “These students are real proof that higher education can be affordable for every Kentucky child through programs such as KAPT.”
“When the cost of a college education continues to increase, it is important for the higher education community, legislature, and state government to work together to make higher education possible for all Kentuckians,” said Todd. “Because of KAPT, these families know their children can achieve a college education without mortgaging their future with student debt.”
For more information, please call (888) 919-KAPT, or visit the Web site at www.getkapt.com.