SOMERSET, Ky. (WKYT) - The Kentucky Community and Technical College System approved a 2014-15 budget of $924,117,500 during a meeting in Somerset on Friday. The budget includes a 2.08% increase in tuition for in-state students. The board also approved an in-state tuition increase for the 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.
A news release from KCTC says the approved tuition rates are consistent with the parameters established by the Council on Post-secondary Education. The board also approved a 1% salary increase for regular full-time KCTCS faculty and staff who met or exceeded job requirements in a 2013-14 performance evaluation.
The board also moved forward on a presidential search by approving a profile that outlines the desired characteristics of the KCTCS president. Current and founding KCTCS President Michael B. McCall announced in November his plan to retire January 15, 2015.