Did You Know
- At one time Kentucky was a low cost tuition state. However, this is no longer true. According to the Southern Regional Educational Board's 2008 report, (Click Here for a copy) over the last 10 years, resident undergraduate tuition increased on the average of 10% per year and 12% per year over the last 5 years. In 2008, the state of Kentucky cut 32.5 million dollars from post secondary education and has appropriated a cut of 55.7 million dollars for the year of 2009.
- Kentucky's state support for public colleges and universities has declined from 67% in 1998 to 51% in 2008. This decrease has caused colleges to increase their cost of attending, thus passing the lost revenue onto college students and their families in the form of higher tuition.
- According to the Southern Regional Educational Board's 2008 report, Kentucky's in-state tuition is higher than the average in both two and four year educational sectors and Kentucky's tuition is higher than the NATIONAL AVERAGE in the two-year educational sector as well.
- Tuition in the state of Kentucky has increased 3 to 4 times the rate of inflation over the last 5 years, while Kentucky's median family income only increased by 2.9% which is lower the national rate of inflation.
- According to the Southern Regional Educational Board's 2008 report, Kentucky's college students are considerably reliant on loans, which cause many students and parents to accumulate substantial college debt. The report also reported that borrowing by Kentucky students has increased by 20% over the last ten years.
Graduation rates are very important when selecting a college. Click Here to view college graduation rates of the major colleges and universities in the state of Kentucky.
This may SURPRISE many of you.
