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Kentucky community colleges are looking for a tuition increase to offset a portion of a budget gap.
Tuition rates for new students to Elizabethtown Community and Technical College will increase to $135 per credit hour from $130.
The Board of Regents for the Kentucky Community and Technical College System approved the rate increases for the colleges as part of the 2011-12 budget last week.
The new tuition rate meets the cap allowed for KCTCS tuition for the year, set by the Council on Postsecondary Education at a meeting in April.
Current students attending ECTC will not experience an increase for the next school year. Ken Walker, vice president of finance for KCTCS, estimated about half of KCTCS students will pay the current tuition rate.
The increase is expected to bring in about $3 million in revenue, while the system anticipates about $7.5 million in cost increases in areas such as maintenance, operation and employee retirement benefits, Walker said. There will be more than $2 million in reductions to the general fund coming from the state.
The gap between costs and revenue will be made up with what Walker termed “internal reallocation,” where the college will use existing resources for other needs. The system will try to be as efficient as possible, he said.
This is about a 4 percent increase in tuition for KCTCS. CPE approved a 5 percent increase for the regional universities and a 6 percent increase for the University of Kentucky and the University of Louisville.
Students attending the KCTCS schools from out-of-state contiguous counties will pay $270 per credit hour and $465 per credit hour for all other out-of-state students.
Kelly Cantrall can be reached at (270) 505-1747 or firstname.lastname@example.org.