Leroy N. Soetoro
2023-09-21 20:00:27 UTC
https://www.yahoo.com/news/facing-1-5b-deficit-california-171034442.html
SAN FRANCISCO Trustees at California State University, the nations
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.
The universitys governing board voted 9-0 to approve the increases that
will start across the 23-campus system in the fall of 2024. Annual tuition
for full-time California undergraduate students will increase by $342 next
year to $6,084. By the 2028-2029 school year, those students will be
paying $7,682.
The tuition hikes are needed to provide support to students, both through
financial aid and programs to help them succeed academically, university
officials say. The extra revenue is also needed to give more resources to
faculty and staff and maintain school facilities, according to a report
about the systems finances released in May.
The report found the system with 460,000 students, many of them minorities
and first-generation college students, has enough revenue to cover about
86% of what it actually costs to meet student, staff, and institution
needs, leaving it with a $1.5 billion gap.
We are at a crossroads and if we dont do it now ... its 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.
Angelie Taylor, a junior at Cal State Channel Islands in Camarillo,
California, said an increase in tuition will likely derail her because she
is already working three part-time jobs to pay for tuition and cover
housing and other expenses.
Taylor, who is a student organizer at Students for Quality Education, a
progressive grassroots organization, said she doesnt qualify for
financial aid because of her GPA, which she said is low because of all the
jobs she is working to make ends meet.
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.
Its so disheartening to see that the board of trustees did not listen to
the hundreds of us that came out yesterday, Taylor said. To have them
completely ignore what we said and not do their job fully to secure the
proper finances we need for this issue is such a big disrespect.
Officials last increased tuition in 2017 when they approved a 5%, or $270,
increase. Since then, inflation grew by 39%. The university receives 60%
of its funding from the state government, and the rest comes from tuition.
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.
Steven Relyea, the university systems chief financial officer, told
trustees the tuition increase will help narrow the deficit gap but it
wont close it.
The tuition hikes won't affect about 276,000 undergraduates who have their
tuition fully covered by financial aid because of their family's low
income. Several trustees said they worry about the other 40% of the
undergraduates, or about 184,000 students, who don't qualify for financial
aid and who will face increased tuition. But they agreed they saw no other
alternatives to stabilize the system's finances.
We cannot survive unless we take action. No one wants to do this, but it
is our responsibility, said Jean Picker Firstenberg, a CSU trustee.
The California Faculty Association, the union that represents the
university system's faculty and staff, said it opposed the hikes, which
will compound to a 34% increase by the 2028-2029 academic year.
This misguided and ill-informed idea will price out current and potential
students especially those who identify as Black, brown, immigrant, low-
income, and/or first-generation college students, the union said.
This article originally appeared on Arizona Republic: Facing $1.5B
deficit, California State University to hike tuition 6% annually for next
5 years
--
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.
Durham Report: The FBI has an integrity problem. It has none.
No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Officially made Nancy Pelosi a two-time impeachment loser.
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.
SAN FRANCISCO Trustees at California State University, the nations
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.
The universitys governing board voted 9-0 to approve the increases that
will start across the 23-campus system in the fall of 2024. Annual tuition
for full-time California undergraduate students will increase by $342 next
year to $6,084. By the 2028-2029 school year, those students will be
paying $7,682.
The tuition hikes are needed to provide support to students, both through
financial aid and programs to help them succeed academically, university
officials say. The extra revenue is also needed to give more resources to
faculty and staff and maintain school facilities, according to a report
about the systems finances released in May.
The report found the system with 460,000 students, many of them minorities
and first-generation college students, has enough revenue to cover about
86% of what it actually costs to meet student, staff, and institution
needs, leaving it with a $1.5 billion gap.
We are at a crossroads and if we dont do it now ... its 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.
Angelie Taylor, a junior at Cal State Channel Islands in Camarillo,
California, said an increase in tuition will likely derail her because she
is already working three part-time jobs to pay for tuition and cover
housing and other expenses.
Taylor, who is a student organizer at Students for Quality Education, a
progressive grassroots organization, said she doesnt qualify for
financial aid because of her GPA, which she said is low because of all the
jobs she is working to make ends meet.
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.
Its so disheartening to see that the board of trustees did not listen to
the hundreds of us that came out yesterday, Taylor said. To have them
completely ignore what we said and not do their job fully to secure the
proper finances we need for this issue is such a big disrespect.
Officials last increased tuition in 2017 when they approved a 5%, or $270,
increase. Since then, inflation grew by 39%. The university receives 60%
of its funding from the state government, and the rest comes from tuition.
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.
Steven Relyea, the university systems chief financial officer, told
trustees the tuition increase will help narrow the deficit gap but it
wont close it.
The tuition hikes won't affect about 276,000 undergraduates who have their
tuition fully covered by financial aid because of their family's low
income. Several trustees said they worry about the other 40% of the
undergraduates, or about 184,000 students, who don't qualify for financial
aid and who will face increased tuition. But they agreed they saw no other
alternatives to stabilize the system's finances.
We cannot survive unless we take action. No one wants to do this, but it
is our responsibility, said Jean Picker Firstenberg, a CSU trustee.
The California Faculty Association, the union that represents the
university system's faculty and staff, said it opposed the hikes, which
will compound to a 34% increase by the 2028-2029 academic year.
This misguided and ill-informed idea will price out current and potential
students especially those who identify as Black, brown, immigrant, low-
income, and/or first-generation college students, the union said.
This article originally appeared on Arizona Republic: Facing $1.5B
deficit, California State University to hike tuition 6% annually for next
5 years
--
We live in a time where intelligent people are being silenced so that
stupid people won't be offended.
Durham Report: The FBI has an integrity problem. It has none.
No collusion - Special Counsel Robert Swan Mueller III, March 2019.
Officially made Nancy Pelosi a two-time impeachment loser.
Thank you for cleaning up the disaster of the 2008-2017 Obama / Biden
fiasco, President Trump.
Under Barack Obama's leadership, the United States of America became the
The World According To Garp. Obama sold out heterosexuals for Hollywood
queer liberal democrat donors.
President Trump boosted the economy, reduced illegal invasions, appointed
dozens of judges and three SCOTUS justices.