Conversely, the maximum annual disbursement for Kentucky students is $2,500.
The first graduation class eligible for the full award graduated in 2002. The
maximum annual disbursement would have covered from between 63 percent
(University of Kentucky) to 85 percent (Eastern Kentucky University and
Morehead State University) of the cost of college at 4-year public universities
during academic year 2002-03. The percentage of tuition and fees covered by the
maximum annual award has declined to a range of 37 percent (University of
Kentucky) to 51 percent at (Morehead State University). The average KEES
disbursement for the past three graduation classes has been about $1,326 for the
first year of college. This would cover 20 to 27 percent of tuition and fees at 4-
year public schools. The decline in purchasing power will continue, particularly
as tuition increases outpace the rate of inflation. Figure 2 provides a visual
presentation of the maximum KEES award for each graduating cohort relative to
changes in tuition at Kentucky’s public universities.
Figure 2: Maximum KEES Awards Relative to Tuition at 4-Year Public Schools
6,000
5,000
4,000
3,000
2,000
1,000
0
1998 1999 2000 2001 2002 2003 2004 2005
KEES Max
Eastern Kentucky University Northern Kentucky University
Kentucky State University University of Kentucky
Morehead State University University of Louisville
Murray State University Western Kentucky University
National Association of Student Financial Aid Administrators 37
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48