UofL trustees approve budget, tuition and fees
Sam Swope to receive honorary degree May 8, 2014LOUISVILLE, Ky. – The University of Louisville Board of Trustees today approved a $1.2 billion dollar budget for 2014-15. The new budget, which takes effect July 1, includes a 5 percent tuition increase for all in-state students and a 2.1 percent hike for nonresident undergraduates.
The tuition increases will offset a $2.1 million state budget cut, provide $2.5 million in additional scholarships and cover increased health insurance costs and 2 percent raises for UofL faculty and staff.
“This is another tough budget,” said UofL budget director Susan Howarth. “But it’s balanced and allows us to invest in our students, faculty, staff and strategic initiatives that will keep us on our upward trajectory.”