KENTUCKY STATE UNIVERSITY BOARD OF REGENTS

ACTION ITEM

Approval of FY 2024 Tuition and Fee Schedule.

FACTS

During the April 12, 2023 Board of Regents meeting, the Board approved a three percent (3%) increase in tuition and fees for FY 2024. The attached fee schedule represents the tuition and fees for the upcoming fiscal year.

This percentage increase adheres to the maximum limit set by the Council for Postsecondary Education for resident undergraduate tuition and mandatory fees, ensuring that the base rates do not exceed a 3.0 percent annual increase, as set for public research and comprehensive universities.

A year-over-year worksheet is provided to differentiate changes between fiscal years 2024 and 2023.

BUDGETARY IMPLICATION

Per the FY 2024 recommended budget, this increase will generate $14.5 million in tuition and fees revenue from an updated projected 1250 headcount enrollment target.

RECOMMENDATION

Acting President Dr. Michael Dailey recommends that the Board of Regents approve the FY 2024 tuition and fee schedule.

MOTION

Approve the FY 2024 tuition and fee schedule.