HB434: AN ACT relating to public postsecondary education institutions.

Legislative Summary

Amend KRS 164.020 to prohibit the Council on Postsecondary Education from raising tuition for a postsecondary education institution more than 5% a year for Kentucky resident students and 7% a year for non-Kentucky resident students; provide a 4-year tuition freeze for an enrolled Kentucky resident student; require an institution to notify a student before expiration of a tuition freeze; require any increase in tuition or fees to be approved before March 1; amend KRS 164.7874 to require a private postsecondary institution to have a voting student member on its governing board in order to be a participating institution for purposes of KEES eligibility; provide that the Act may be cited as the Kentucky Student Tuition Protection and Accountability Act; EFFECTIVE JULY 1, 2029.