Eli Capilouto

Keeping UK Affordable is our First Priority

Published: Aug 1, 2014

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.

February
 
1
Graduate Student Congress Meeting (February)
Mon
2
Bill Adams: Blue Madness
Bill Adams: Blue Madness
Bill Adams: Blue Madness
Bill Adams: Blue Madness
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Open House: Selections from the John and Sue Wieland Collection
Open House: Selections from the John and Sue Wieland Collection
Open House: Selections from the John and Sue Wieland Collection
Open House: Selections from the John and Sue Wieland Collection
Open House: Selections from the John and Sue Wieland Collection
Open House: Selections from the John and Sue Wieland Collection
Open House: Selections from the John and Sue Wieland Collection
Tue
3
K Crew Recruitment
Last Day to Drop a Course Without Appearing on Transcript
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Wed
4
K Crew Recruitment
Bill Adams: Blue Madness
Undergraduate Research Information Session
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Thu
5
K Crew Recruitment
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Explore Blue
Off-Campus Student Services' Wildcat Apartment Hop #1
Panel Discussion: Historic Homes
Fri
6
K Crew Recruitment
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Sat
7
K Crew Recruitment
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Sun
8
K Crew Recruitment
Sex and Chocolate
Law School Prep Workshop
Mon
9
K Crew Recruitment
Healthy Relationships Workshop
How to Package Communication and Technical Skills on your Resume
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
2016 Distinguished Industry Lecture Series
Tue
10
K Crew Recruitment
Last Day to Receive 50% Refund
Pinterest Party #1
Off-Campus Student Association Information Session
Get Yourself Tested!
Showcase your Talents: Building a Strong Portfolio
An Evening with Tatyana Ali and Amir Windom: Progression Towards Success
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
How to Survive a Plague
Wed
11
K Crew Recruitment
Coffee & Canvases
Off-Campus Student Association Information Session
Study Abroad in Berlin!
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Thu
12
K Crew Recruitment
Explore Blue
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Fri
13
K Crew Recruitment
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Workshop: The Artist Statement
Sat
14
K Crew Recruitment
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Sun
15
K Crew Recruitment
See ICT
Patterson School Guest Speaker Series
Mon
16
K Crew Recruitment
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
See ICT
UK Women's Forum February Board Meeting
Tue
17
K Crew Recruitment
Food For Thought
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Wed
18
Undergraduate Research Information Session
Soup & Substance: Real Talk, Real Issues, & Real People Series
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Thu
19
PharmD Interviews
Explore Blue
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Off-Campus Student Services' Wildcat Apartment Hop #2
SAB Underground Formal
Fri
20
PharmD Interviews
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Sat
21
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Sun
22
Undergraduate Research Information Session
Mon
23
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Tue
24
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
UK Elder Care Lunch & Learn - Don't Blame It On Aging
Ravi Zacharias at Memorial Coliseum
Wed
25
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Thu
26
Explore Blue
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Dimensions of Political Ecology Conference
Eday Talk by Georgetown Toyota President Wil James
Do What You Are: Connecting Personalities w/ Profession
Off- Campus Student Services' Wildcat Apartment Hop #3
Concert in the Museum: Central Music Academy
Fri
27
Dimensions of Political Ecology Conference
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
UK E-Day
Sat
28
Bill Adams: Blue Madness
Bill Adams: Blue Madness
Bill Adams: Blue Madness
DanceBlue Rave Hour
Bill Adams: Blue Madness
Open House: Selections from the John and Sue Wieland Collection
Open House: Selections from the John and Sue Wieland Collection
Sun
29
Monday through Friday - Midterm Grading window is open. The mid-term grading window will close at midnight on March 11.
Monday through Wednesday - Students are prohibited from changing academic major
Bodies Of Evidence: Provocations: A Transnational Feminist History Project
Mon
 
 
 
 
 
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