Morehead State University’s Board of Regents approved up to a 2.5 percent tuition rate increase for many of its students during its regular quarterly meeting last Thursday.
The change will affect undergraduate resident, non-resident, and international students beginning in the fall term of 2019.
The Board also approved a rate freeze for graduate tuition, mandatory student fees, and student housing rental rates effective for the fall 2019 semester.
MSU President Dr. Jay Morgan says the university could raise tuition up to 4 percent.
“Part of strategy has been to keep tuition low to meet the needs of students in our service region,” Morgan told the Board. “We are asking for you to approve up to 2.5 percent because we are still waiting to see what happens with pension costs and fall enrollment.”
Morgan told the Board that the increase was comparable to increases of other Kentucky regional universities, but it was important for MSU to remain competitive.
“As we continue to draft our budget, we will graft this increase in, up to 2.5 percent, once we know what happens in Frankfort,” Morgan said.
Wayne Martin, Board vice chair, reminded the Board that Thursday was the final day of the 2019 legislative session and lawmakers had not yet addressed pension issues.
The legislative body passed pension reform in 2018, but it was struck down by the courts in the months following the session.
As it stands, Morehead State will be responsible for an 84 percent increase in contributions for employee pension starting in the fall of this year. A bill that would freeze the rate at 49 percent for one year is being considered in Frankfort.