Trustees at California State University, the nation’s largest public university system, have voted to raise student tuition by 6% each year for five consecutive years to try to narrow a $1.5 billion deficit
Trustees at California State University, the nation’s largest public university system, voted Wednesday to raise student tuition by 6% each year for five consecutive years to try to narrow a $1.5 billion deficit, a decision that some students called “disheartening.”
“We are at a crossroads and if we don’t do it now... it’s going to get more and more difficult,” said Julia Lopez, a CSU trustee and the co-chairperson of the working group that wrote this report. She said that taking a fourth job would leave her no time to study and she would have to drop out. She attended a meeting with the CSU Board of Trustees on Tuesday to explain her situation.
The five years of the tuition increase will generate a total of $860 million in revenue. Of those funds, $280 million will be committed to financial aid, school officials said.
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Facing $1.5B deficit, California State University to hike tuition 6% annually for next 5 yearsTrustees at California State University, the nation’s largest public university system, have voted to raise student tuition by 6% each year for five consecutive years to try to narrow a $1.5 billion deficit.
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