SOMERSET, Ky. (June 13, 2014) — The Kentucky Community and Technical College System (KCTCS) Board of Regents approved a 2014-15 budget of $924,117,500 during its quarterly meeting today at Somerset Community College. The budget includes a 2.08 percent increase in tuition for in-state students.
KCTC has 16 colleges and more than 70 campuses throughout the state.
The board approved an increase in in-state tuition rates for the 2014-15 and 2015-16 academic years. For 2014-15 the tuition rate will increase from $144 per credit hour to $147. Out-of-state tuition rates approved include a $294 per credit hour rate for out-of-state students from counties contiguous to Kentucky and $515 for all other out-of-state students. Tuition rates for the 2015–16 academic year will be $150 per credit hour for in-state students, $300 for students from contiguous counties and $525 for all other out-of-state students.
The approved tuition rates are consistent with the parameters established by the Council on Postsecondary Education. These parameters include an in-state tuition rate increase of three dollars for in-state students and out-of-state students from contiguous counties, and out-of-state rates of at least double in-state rates.
The board also approved a 1 percent salary increase that will apply to each regular full-time KCTCS faculty/staff member who has met or exceeded their job requirements on their 2013-14 performance evaluations. This increase will be funded using existing funding bases.
Additionally, the board moved forward on the KCTCS presidential search process to replace current and founding president Michael B. McCall, who will retire in January.
The next meeting will be Sept. 18-19 at Henderson Community College.