Tuition at Murray State will increase by four percent for the 2012-13 academic year. The increase amounts to around $130 per semester. The MSU board of Regents voted against the administration’s three percent recommendation.
The board consensus was the revenue from the additional percentage point would lessen the impact on the university’s reserves. With the additional tuition revenue, MSU will still need to fill an estimated $2.4 million dollar gap with reserves.
The Kentucky Council on Post-Secondary Education capped tuition increases for schools like MSU at 5%. Typically MSU’s board has voted to increase tuition at the maximum amount capped by the CPE. Dr. Dunn and I spoke prior to Friday’s meeting and discussed his three percent recommendation, the re-election of student regent Jeremiah Johnson and low voter turnout to elect Johnson.