Students from seven states contiguous to Kentucky, as well as Michigan, will soon be eligible for reduced tuition rates at Kentucky State University, the school announced in a release.
On Friday, the Board of Regents approved a Memorandum of Agreement (MOA) with the Kentucky Council on Postsecondary Education (CPE) that will bring down tuition rates for out-of-state students.
Beginning in the fall of 2019, these students will pay a reduced tuition rate of $5,775 per semester instead of the current rate of $9,500 per semester.
Officials say the new initiative will reduce financial barriers for students to improve four-year graduation rates.
“This tuition reduction enables Kentucky State University to be a more competitive option for students and parents seeking a quality education at an affordable price,” university president M. Christopher Brown II said.
Students under the Thorobred Promise, a four-year tuition guarantee, will have their guarantee adjusted to reflect the lower tuition levels as well.
Last month, the University of Illinois at Chicago (UIC) also rolled out a new plan to allow students from any of the 573 tribal nations in the U.S. to pay in-state tuition rates at the university.
Members of tribal nations will pay an in-state tuition rate of $10,584, rather than the $23,800 cost for out-state students, resulting in a net savings of $13,000 to $14,000 per year.
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