english-student-debt-bondage.jpg?w=586&h=398

California State hikes tuition by another 12%

July 12, 2011: 6:42 PM ET

  

 

NEW YORK (CNNMoney) -- California State University said Tuesday that it will raise tuition at its 23 campuses by another 12% this fall, thanks to a deeper-than-expected $650 million cut in state funding.

The hike is in addition to a 10% tuition increase that the university system approved last November for the upcoming school year.

Taking into account both tuition increases, full-time students will be paying an additional $516 per semester when they return in the fall. For a freshman, that amounts to an extra $4,128 over four years.

Tuition for full-time undergraduates enrolled in the public university will now run $5,472 a year, with fees averaging $950.

10 least affordable colleges

The tuition hikes come as California continues to struggle with its shrinking budget. The $2.1 billion in state funding the university will get in the upcoming school year will be the lowest level of support it's received since the 1998-1999 fiscal year. Making matters worse, CSU now enrolls 72,000 more students than it did in 1998.

"The enormous reduction to our state funding has left us with no other choice if we are to maintain quality and access to the CSU," said CSU Chancellor Charles Reed. "We will focus on serving our current students by offering as many classes and course sections as possible."

Where will the money go?

A third of the revenue from the tuition hike will go toward financial aid, the university said, adding that about 170,000 students will be fully covered by this aid or other grants and therefore won't need to worry about the tuition increase.

It's D-day for state budgets

To address the ongoing budget cuts at the school, the university has already slashed enrollment by about 10,000 students, reduced campus budgets by $281 million and cut the Chancellor's office funding by $10.8 million. The employee count has also been slashed by 4,125 -- or nearly 9%.

And this may not be the end of the university's financial woes. If state revenue forecasts aren't met by mid-year, CSU's funding would be cut by another $100 million -- amounting to a 27% drop from the previous year.

But some argue that the school has other ways of cutting back besides raising tuition. California Governor Edmund Brown wrote a letter to CSU on Tuesday, telling the school it shouldn't pay its administrators such hefty salaries if it's looking to cut corners.

Extreme tuition hikes ahead

"I fear your approach to compensation is setting a pattern for public service that we cannot afford," Brown said, adding that CSU has proposed to boost administrator salaries by more than $100,000. "At a time when the state is closing its courts, laying off public school teachers and shutting senior centers, it is not right to be raising the salaries of leaders who--of necessity--must demand sacrifice from everyone else."

Presidents in the CSU school system currently earn salaries ranging from $223,584 to $350,004, according to the California State Controller's salary database.  To top of page

http://money.cnn.com/2011/07/12/pf/california_tuition_increase/index.htm?hpt=hp_t2

 

 

E-mail me when people leave their comments –

You need to be a member of Ashtar Command - Spiritual Community to add comments!

Join Ashtar Command - Spiritual Community

Comments

This reply was deleted.

Copyright Policy: Always Include 30-50% of the source material and a link to the original article. You may not post, modify, distribute, or reproduce in any way any copyrighted material, trademarks, or other proprietary information belonging to others without obtaining the prior written consent of the owner of such proprietary rights. If you believe that someone's work has been copied and posted on Ashtar Command in a way that constitutes copyright infringement, please Contact Us and include the links to these pages and relevant info. 

Latest Activity

Anniepup updated their profile
2 hours ago
Roaring Lovely left a comment on Comment Wall
"Quote:
"BTW my friend......How did your Kenyan elections go...?? Did your candidate win, or the other guy...?? Fill us in...."

Reply:
yeah, the candidate I voted for won! We were very happy.☺ He steered the country away from the usual ethnic…"
9 hours ago
Drekx Omega left a comment on Comment Wall
"Roaring Lovely said: "If on the other hand the whoever researcher cannot see the soul, then how can he proceed in his quest to manipulate it? How can he research on what he cannot demonstrate?"

Drekx response: Of course, LOGIC....Totally agree and…"
9 hours ago
AlternateEarth replied to AlternateEarth's discussion WOW – CDC completely reverses course. IT’S OVER!
"We'll move to A , Drexk, at a different level-less crowded. Then we'll set up defense mechanisms of powerful frequencies. Then build star gates and off to a different galaxy. Leave 'them' in the rear view mirror in a cloud of dust."
14 hours ago
AlternateEarth left a comment on Comment Wall
"'Google is the most prominent search engine in the world, and so let’s start there. Go to Google and do a search for “Donald Trump” and look at the top of the page to see how many “results” you get.
I just did that, and it says that there are about…"
14 hours ago
rev.joshua skirvin posted a blog post
YOU ARE A MASTER CREATOR! THE RATE OF CREATION IS ACCELERATING AS YOU BECOME MORE AND MORE AWARE OF THIS ABILITY TO CREATE YOUR REALITY. YOUR AWARENESS OF YOUR POWER IS EXPANDING EXPONENTIALLY AS YOU MOVE INTO HIGHER STATES OF CONSCIOUSNESS. WHETHER…
15 hours ago
rev.joshua skirvin posted a blog post
These off-world global elites have distracted the human population from this planetary transformation in many ways. In order for many to resist the discomfort of these foreign frequencies they numb themselves with distractions and addictions. They…
16 hours ago
rev.joshua skirvin posted a blog post
 The crisis that is unfolding around the world, or more accurately, in the West, is not an ordinary or even extra-ordinary political/economic crisis. This is not merely a crisis affecting the United States, the G7 and the UN, etc. What we are…
16 hours ago
More…