06/23/2010 05:12 am ET Updated May 25, 2011

Kentucky Tuition Hiked, Needy Students DENIED Financial Aid

In the face of a state budget shortage, Kentucky's university system is expected to officially raise 2010-2011 tuition five percent today.

What's more, the state's College Access Program, which provides funds to needy students, has been drained of money -- meaning the state will not be able to provide financial aid to approximately 16,000 students.

The Courier-Journal reports:

[Kentucky Higher Education Assistance Authority Vice President Jo Carole] Ellis said KHEAA awarded grants for the upcoming academic year to about 48,468 students who applied for the grant by March 7. She said the money ran out sooner this year because of a higher number of students filing FAFSA forms earlier than usual.

KHEAA awarded the grants based on the Senate budget proposal, which was $900,000 less than the House proposal, she said. That means there is a glimmer of hope for more grants if more money is made available in an coming special session on the state budget.

Have you been affected by the shortage? What's the situation like in your state?