Eli Capilouto

Keeping UK Affordable is First Priority

Published: Jul 31, 2014

LEXINGTON, Ky. (July 31, 2014) — In University of Kentucky President Eli Capilouto's blog, he explains how UK works hard to remain an affordable higher education choice for Kentuckians and why this is an important priority to him:

 

An issue in the news of late — both nationally and in our Commonwealth — has been the understandable concerns of parents and students across the country about the cost of higher education.

 

It’s a critically important issue. A college degree remains the single best indicator of future economic success as someone with a bachelor’s degree will, on average, earn close to a million dollars more over the course of a lifetime than someone without that credential. If that degree is out of reach economically for more and more families, it means that we are leaving behind too many children who can do the work and contribute greatly to our campuses and our world.

 

We all lose when that happens. At the same time, UK and public universities throughout the country have faced significant reductions in state funding resulting from the national recession. Many states, fortunately, are beginning to reverse that trend. But for our university, state appropriations have been cut by some $55 million on a recurring basis since 2008.

 

At the University of Kentucky, we have a few simple principles that inform how we address this complex issue:

 

First, Kentuckians come first. If a Kentuckian meets our academic standards and criteria, we want them at the University of Kentucky. The vast majority of our enrollment time, energy and resources go toward recruiting Kentuckians.

 

We also believe that a more diverse student body — diverse in all its forms, including recruiting students from outside our state — helps create a more comprehensive and deep educational experience. So, we’re growing our enrollment — both as an educational and financial imperative — to achieve the right balance of students, one that honors our commitment to Kentucky and to creating a diverse student body.

 

Second, we are devoting more resources toward scholarships and financial aid to help students — particularly Kentucky students — attend college without huge debt burdens. Consider the fact that last fall, more than 85 percent of UK undergraduates from Kentucky received scholarships or financial aid they did not have to repay. On average, the out-of-pocket expense for tuition in Fall 2012 for resident students was about $1,200.

 

About half of UK students graduate with debt; about half do not. Of those who do, the average debt is less than $25,000 — below the national average.

 

Third, we’re working hard to lower the rate of tuition increases to moderate levels to keep higher education affordable. In 2006, the four-year average increase for tuition was 13 percent. As of next year, the four-year average will be less than 5 percent.

 

Moreover, we are looking at the full range of student costs to try to ensure access and affordability. This fall, because of a new dining partnership with Aramark, we will lower the cost of every dining plan, while at the same time providing more options, more convenience and healthier food choices. We also will begin investing some $70 million — through our partnership — in new facilities that will create more options and also provide more support for student services and learning.

 

All of that is part of a comprehensive approach to creating sophisticated, but welcoming, living and learning communities that provide the best possible educational experience for our students. Again, utilizing a partnership with a national leader, we’re investing up to $500 million in private equity to building thousands of new residence hall rooms and learning spaces throughout the campus. With EdR's investment, we are able to create modern living-learning communities without expending state funds or tuition dollars. 

 

In short, our most important principle is to place students first in everything that we do. That includes working to keep costs down, while providing a robust and high-quality educational experience for all of our students — particularly those from our Commonwealth who represent our state’s best hope for a bright future.

 

That’s a job without end — one that is our first and most important priority. 

 

But I’m proud of what we are doing at UK to transform our campus to make it even better and more affordable to more students across our state and region.

 

See blue.

 

Eli Capilouto

students_in_front_of_main.jpg
November
 
 
 
 
 
 
1
Free Saturday Swing Dance Lessons
College of Pharmacy Open House
Iron Pour
UK Women's Choir 20th Anniversary Concert
Adventure Hiking & Rappelling @ Red River Gorge
Pickin' Time Mountain Music and Harvest Day
Purposeful Retirement: Planning Your Next Stage of Life
Diwali Dhoom 2014
Sat
2
UK Percussion Ensemble
Day Hike
Curator Tour: Take My Word For It
Sun
3
Industry Career Week: Resumes and Cover Letters
Kentucky Volleyball vs. Morehead State
Mon
4
Industry Career Week: How to Impress Your Boss in 90 Days
Rock Star Professionalism Series
UK Lab Band
Tue
5
Industry Career Week: Networking and Job Search
Social Enterprise and Innovation / Certified Nonprofit Professional Program Informational Meeting
Circle of Love Name Distribution
Appalachian Forum with Dr. Fran Ansley
Dana Harper Gallery Reception
Wed
6
Career Assessment Workshop
LNFS Presents: Zona Sur
LNFS Presents: The Grand Budapest Hotel
UK Jazz Ensemble
Circle of Love Name Distribution
Abstract Workshop
Lauren Potter
Thu
7
LNFS Presents: V for Vendetta
Last Day to Withdraw or Reduce Course Load
Circle of Love Name Distribution
R.C. May Photography Lecture Series: Marvin Heiferman
Men's Soccer vs. Charlotte
Kentucky Volleyball vs. Georgia
Free Friday Evening Swing Dance
Fri
8
Kentucky Football vs. Georgia
Free Saturday Swing Dance Lessons
The Power of Poetry
The Lexington Lowdown and Free Lindy Hop Workshop
Swing Dance Featuring Live music by"The Metrognomes Orchestra"
Sat
9
UK Combos Concert
Kentucky Volleyball vs. Missouri
Sun
10
Circle of Love Name Distribution
Mon
11
UK Sax Ensembles
Job Club - Interviewing Strategies
Undergraduate Research Information Session
Jose Abisambra Presentation on Current Alzheimer's Research
Women of the World: Judy Smith
Tue
12
Internship Info Session
LNFS Presents: Reservoir Dogs
Refugee Life in America
#UKEDTALKS: International Opportunities for Education Majors
Leadership Assessment
Wed
13
Career Assessment Workshop
LNFS Presents: Iron Man 3
Chili and Pie Cook-Off Supper
#TrendingTopics: Vegetarians vs. Meat-Eaters
Campus Polar Plunge to benefit Special Olympics KY
LNFS Presents: La Demora
Thu
14
LNFS Presents: Pretty in Pink
LNFS Presents: Mean Girls
Fri
15
Free Saturday Swing Dance Lessons
Sat
16
Kentucky Volleyball vs. Florida
Greek Cinematography: Critical Approach and Discussion
"Storied Streets" Documentary Showing about Experiences of Homelessness
Sun
17
The Vexillology (the study of maps) Contest
UK Rep Bands Concert
College of Agriculture, Food & Environment 2014 Celebration of Land-Grant Research
Amanda Rogers, "Black Flags, ISIS 'Swag' & Jihadi Rap: Marketing Militancy after the Arab Spring"
Stories of Homelessness: Panel Discussion
Mon
18
The Vexillology (the study of maps) Contest
A Positive Approach to Caregiving Conference
Education Abroad Open House
CatWatch Party
Appalachian Forum and Film Screening of "Up the Ridge"
Tue
19
The Vexillology (the study of maps) Contest
LNFS Presents: The Princess and the Frog
Pinterest Party
International Games Day
Global Design with Phil Duncan
Caregiver Support Group
OXFAM Social Issues Banquet
Wed
20
The Vexillology (the study of maps) Contest
Much Ado About Nothing
LNFS Presents: I Travel Because I Have To, I Come Back Because I Love You
LNFS Presents: The Big Lebowski
International Education Week Keynote Speaker: Christie Vilsack, Senior Advisor for International Education at USAID
Tobacco-free Tailgate 5 Year Anniversary
Bollywood Night
Thu
21
The Vexillology (the study of maps) Contest
Much Ado About Nothing
LNFS Presents: Water For Elephants
4th Annual Markesbery Symposium on Aging & Dementia
Freedom from Fear: On Black Childhood and Other Dangers
Bouldering @ Stone Fort
MEAT.
Fri
22
The Vexillology (the study of maps) Contest
Much Ado About Nothing
Bouldering @ Stone Fort
Free Saturday Swing Dance Lessons
Sat
23
The Vexillology (the study of maps) Contest
Much Ado About Nothing
Bouldering @ Stone Fort
UK Symphony Band and UK Concert Band
Sun
24
The Vexillology (the study of maps) Contest
Free Thanksgiving Shuttle to Blue Grass Airport
Mon
25
Free Thanksgiving Shuttle to Blue Grass Airport
Job Club - What is your money habitude?
Multicultural Student Thanksgiving Dinner
Tue
26
Thanksgiving - Academic Holidays
Free Thanksgiving Shuttle to Blue Grass Airport
Wed
27
Thanksgiving - Academic Holidays
Thu
28
Thanksgiving - Academic Holidays
Fri
29
Thanksgiving - Academic Holidays
Free Saturday Swing Dance Lessons
Kentucky Volleyball vs. Arkansas
Sat
30
 
Sun
 
 
 
 
 
 

Wed, 11/26/2014 - Sat, 11/29/2014

Wed, 11/26/2014

Reset Page