Tuition and Mandatory Fees

Per the College Board Annual Survey of Colleges, the majority of public flagship universities, including the University of Kentucky, had lower in-state tuition and fees in fall 2022 than five years earlier, after adjusting for inflation. A comparison of UK to various benchmark institutions shows that its fall 2022 resident undergraduate tuition and fee rate is slightly below the average resident rate and its non-resident rate is about 16 percent below the average non-resident rate.

Tuition Parameters for AY 2023-24 and AY 2024-25

On March 31, 2023, the Kentucky Council on Postsecondary Education (CPE) adopted resident undergraduate tuition and mandatory fee ceilings for academic years (AY) 2023-24 and 2024-25 of no more than a 5.0 percent increase over the two years and a maximum increase of no more than 3.0 percent in any one year. CPE also adopted a recommendation that the public institutions be allowed to submit for CPE review and approval market competitive tuition and fee rates for graduate and online courses, as well as tuition and fee rates for nonresident undergraduate students that comply with CPE policy. The CPE policy states that every institution shall manage its tuition and fee rate structures, price discounting, and scholarship aid for out-of-state students, such that in any given year, the average net tuition and fee revenue generated per nonresident undergraduate student equals or exceeds 130 percent of the annual full-time tuition and fees assessed to resident undergraduate students.

Tuition and Mandatory Fee Rates

For AY 2023-24, senior leadership recommends 2.75 percent and 3.50 percent rate increases for most resident and nonresident students, correspondingly. The recommended rates comply with CPE’s tuition and mandatory fees ceilings and policy. Over the last 10 years, the four-year average annual increase for resident undergraduate students will have dropped from 5.3 percent to 1.7 percent.