UC President Mark Yudof is proposing a 15 percent increase in undergraduate and graduate fees that would go into effect in spring. Yudof’s proposal includes another 15 percent increase on top of that to undergraduate fees beginning in fall 2010. .jpg)
The UC Governing Board of Regents will meet Wednesday, September 15 to discuss the proposal but won't vote until November on the fee increases. If approved by the Board the fee increases would be the ninth in seven years.
The UC system is facing $753 million budget shortfall. The tuition increase for 2009-10 would generate $117 million and the increase for next year would bring in $292 million.
Current UC in-state undergraduate fee - $7,788
Yudof's proposed 15 percent increase - new tuition for 2009-10 - $8,958
Fees increase again next fall under proposal by another 15 percent to - $10,302
Comments
Well this sucks. The economy is in the can, so let's raise education costs. What's the point? All this is going to do is ensure a disproportionate amount of students with money or wealth. Can you say class stratification?
So if I had my taxes increased by 1% or 600 dollars I could have avoided paying an additional 3000 per year over the next 4 years? And many other students would have benefited as well? Raise my taxes!
UC now only gets something like 13% of its budget from state funds, the cuts only amount to a 2.2% loss of revenue. UC has huge reserves of unrestricted monies that they could use to plug that gaping 2.2% wound in their side. Not only are they not justified in cutting salaries, but they ought by rights to give us a fat raise since there are so few staff left to do the work now that they did their little bloodletting. They're cutting UC's throat ostensibly to save money; only how do you figure they need to save money if the loss only amounts to 2.2%? That's why they had $200 million to loan the state & why UC's bond rating--already stellar--just went up! They're loaded, ladies & gentlemen, & they've been lying to you for years.
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