LEXINGTON, Ky. (WYMT/WKYT) - The University of Kentucky announced Tuesday that it is considering raising tuition, housing and dining costs this fall.
Tuition would go up by 2.4 percent for in-state students. This means a year at UK would now costs $12,538. This is up 112 percent from 2005, and up 46 percent in the last 10 years. Last year, tuition went up 2.5 percent.
Housing and dining rates would go up 3 percent for most students. Monthly parking fees would go up by 3 percent as well.
In the new proposed budget, UK faculty and staff who are not part of UK Healthcare would get a 2 percent merit raise pool.
The university is depending more on tuition as state funding drops. UK lost almost $70 million in state funding in the last 10 years.
Sister station WKYT reports some students are worried about increasing debt.
"I have quite a few loans out, and especially with my friends who are from out of state, a lot of people come from out of state to come to UK and I know they kind of have to worry about that and it could possibly deter them," said one student.