Facing a looming budget shortfall totaling nearly $8 million, Western Kentucky University is pursuing a 2% tuition hike for undergraduate students, a proposal WKU’s Board of Regents will review Friday. This comes as WKU waits for a final decision from the Kentucky Council on Postsecondary Education about how high public universities can raise tuition this year. The CPE is expected to make that decision by mid-May. “Increasing tuition is never taken lightly,” a budget development update included in agenda materials for the board’s second quarterly meeting said. “However, in a time of historically declining or flat state support, the (budget executive committee) recognizes that the institution must consider an increase.”