Morehead State University board approves tuition, residence hall fee hikes
Morehead State University’s Board of Regents has approved increases in tuition and residence hall fees beginning this fall.
The Daily Independent reported on Monday that MSU tuition will increase by 5.33 percent for undergraduate students, and residence hall rates will increase 4 percent.
The board approved the tuition hike in the 2016-17 operating budget totaling $150.9 million. That budget represents a decrease of $6.8 million or 4.3 percent, and does not include faculty and staff salary increases.
The budget decrease is due to a drop in enrollment and state appropriations, which are the university’s two primary revenue sources.
University president Wayne Andrews says the school is working hard to address the decrease in enrollment in MSU’s service area and rising fixed costs.