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EKU Says They Won't Raise Tuition, Adds "Asset Preservation Fee" - LEX18.com | Continuous News and StormTracker Weather

EKU Says They Won't Raise Tuition, Adds "Asset Preservation Fee"

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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 to students announced a new fee.

Some parents contacted LEX 18 after they received an email announcing an "asset preservation fee". The fee, in short, will cost students $10 per credit hour and will cap at $150 per semester, $300 annually.  

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. 

An EKU spokeswoman says that they aren't the only school applying the new fee. KSU and Morehead State have also added the fee this academic year.

You can read the email in its entirety:

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. 

You can read the statement from the University here:

The implementation of the asset preservation fee, approved by the Council on Postsecondary Education (CPE), will assist in the preservation and renovation of an aging campus infrastructure that will best meet the needs of our students. With continued decreases of state funding, this fee is necessary to maintain safe learning and living spaces and efficient use of our campus buildings. All revenue generated from the fee will be used to pay for Education and General (E&G) asset preservation projects, not any new construction. All projects will be reviewed by the EKU Board of Regents and CPE.

The amount of the fee is $10 per credit hour and is capped at $300 annually, effective with the Fall 2018 semester. The fee will not apply to dual-credit or online credit hours. This fee is separate from tuition, and is restricted for specific uses as previously noted. EKU had a 0 percent tuition increase for the 2018-19 academic year.

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