RICHMOND, Ky. (LEX 18) – Eastern Kentucky University announced earlier this year that they would not be raising tuition for the 2018-2019 academic year. However, an email sent to students and their families on Thursday by the school’s Vice President of Finance announced a new fee.
Some parents contacted LEX 18 after they received a letter announcing an "asset preservation fee". The fee, in short, will cost students $10 per credit hour and will cap at $150 per semester.
The fee applies to all credit hours, excluding online and dual-credit hours. The email says funds will be used to provide maintenance to on-campus buildings and other projects.
In an email, the school says the fee was approved by the Kentucky Council on Post-Secondary Education in February and also by the EKU Board of Regents in June. The announcement was made Thursday and classes start back in less than two weeks.
LEX 18 has reached out to EKU for comment.
You can read the email in its entirety here:
Beginning with the fall 2018 semester, Eastern Kentucky University is implementing an Asset Preservation Fee. This fee, approved by the Kentucky Council on Post-Secondary Education (CPE) in February, 2018; and also by the EKU Board of Regents in June, 2018, is $10 per credit hour and is capped at $150 per semester. The fee applies to all credit hours, excluding online and dual-credit hours.
Funds generated by the Asset Preservation Fee are restricted for University Education & General (E&G)-funded capital asset preservation and renovation projects. Funds will be used only to provide for much-needed maintenance and preservation of instructional, operational and common-use areas on campus and will not be used for new building projects or other new initiatives. The overarching purpose for the Asset Preservation Fee is to aid the University in being the best steward of the facilities and spaces already on our campus. Project priorities will be established by University Administration and will be reviewed and approved by the EKU Board of Regents prior to expenditure.
