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Posted: Friday, 24 May 2013 7:08AM

UofL trustees panel backs 3 percent tuition hike

LOUISVILLE, Ky. (AP) — A University of Louisville trustees committee has recommended a 3 percent increase in undergraduate tuition for the next academic year.

The Finance Committee on Thursday also gave its approval for a $496.5 million general fund budget for UofL in the upcoming year.

The full board of trustees will consider the budget and tuition increase next month.

UofL President James Ramsey calls it a "no-frills budget" that does include pay raises for faculty and staff.

UofL says the 3 percent tuition boost would be the smallest percentage increase in undergraduate tuition in 14 years.

The state Council on Postsecondary Education set a 3 percent ceiling for tuition increases at public colleges and universities for the upcoming academic year.

At UofL, undergraduate tuition would rise to $4,875 per semester for full-time, in-state students.

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Locations : Louisville
People : James Ramsey
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