California State University Board Approved a 6% Tuition Hike (And more increases for five years.)
Press release from Cal Poly Humboldt:
The California State University (CSU) Board of Trustees has approved a multi-year tuition proposal that will increase tuition by six percent per year for five years, and help to bring stability to the university’s budget. Under the approved proposal, full-time undergraduate tuition will increase by $342 per student beginning in the 2024-25 academic year. The tuition proposal will sunset at the end of 2028-29.
About 60 percent of CSU undergraduate students whose tuition is fully covered through grants, scholarships, waivers and other non-loan aid, will not pay the increase. Another 18 percent will have the tuition increase partially paid for through non-load aid. The tuition increase will generate $148 million in revenue in the first year (2024-25) with $49 million going toward financial aid support for students. The five years of the tuition increase will generate a total of $860 million in revenue, with a commitment of $280 million of that revenue for financial aid.
“The revenue from the tuition increase is essential to provide the CSU with the financial stability it needs to continue to serve students today and in the future,” said Steve Relyea, CSU executive vice chancellor & chief financial officer. “Coupled with an expanded financial aid structure that will look more holistically at the total cost of attendance, the CSU is committed to keeping costs as low as possible and providing support for students with the greatest financial need.”
Tuition has only been increased once by 5 percent (or $270) in the past 12 years, while inflation grew by 39 percent. The revenue generated by the increase will help to narrow the perennial funding gap between the CSU’s revenue and its costs.
Priorities for the increased tuition revenue include:
- Increased funding for the State University Grant (SUG) program
- Academic and student services support
- Basic needs and mental health services
- Title IX implementation and ongoing costs
- Infrastructure, including new facilities and ongoing maintenance
- Compensation to attract and retain outstanding faculty and staff
For more information on the CSU’s tuition and budget, visit the Tuition & Fees webpage.
About the California State University
The California State University is the largest system of four-year higher education in the country, with 23 campuses, nearly 460,000 students, and 56,000 faculty and staff. More than 40 percent of the CSU’s undergraduate students transfer from California Community Colleges. The CSU was created in 1960 with a mission of providing high-quality, affordable education to meet the ever-changing needs of California. With its commitment to quality, opportunity and student success, the CSU is renowned for superb teaching, innovative research and for producing job-ready graduates. Each year, the CSU awards more than 125,000 degrees. One in every 20 Americans holding a college degree is a graduate of the CSU and our alumni are 4 million strong. Connect with and learn more about the CSU in the CSU NewsCenter.
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Yes. All the administrators and managers, vice-presidents of this and that all need to male 100’s of thousands of dollars plus huge benefit packages, retirements, etc….Pigs feeding at the public trough. Oh but most students won’t pay it. Except the ones that will! And of course the taxpayers will fund what those students won’t pay. Top-heavy and gluttonous structure protecting the parasites sucking away, sucking away the resources….
Bullseye!
It doesn’t make any difference to me how much my gender studies degree costs since Joey from Scranton says Farce will pay the tab for me (and kick him a 10% gratuity). Equity is so great!
Also we are now a neighborhood for the world’s rich..global influences for benefits and costs. I worked too much so much by necessity i didn’t get to go to high school and graduated but barely was able to participate in college …i don’t recommend that for this generation as it aged me beyond my years well into old age. How about something like Holland has every person, from every income bracket, 18-22 do 2 years community service in 6 mont segments. Not sure exactly how Holland’s works. In return they get room, board transportation and at the end they’ve earned a stipened for college, starting a business or whatever and some cash too. Maybe income bracket and background could influece what sort of public service. Maybe everyone do 6 months with elderly and 6 months with disabled. Maybe get to pick one 6 month stint and the other determined by background…grew up rich you get to do 6 months janitorial work or serving others (that could be mixed with work with seniors or otherabled/disabled… grew up country have a stint or two in urban area and visa versa …etc.
“The average cost of going to college has increased by about 4.6 times the rate of inflation during the last 50 years.”
Thats how socialism works…
No that is how capitalism works. Socialism has free education k- university
Actually that’s how capitalism works. Our universities are for profit institutions, thus the increases.
But they’re run by socialists
“The tuition increase will generate $148 million in revenue in the first year (2024-25) with $49 million going toward financial aid support for students.”
So if your child does not qualify for financial aid and pays the full tuition, a large part of that tuition goes to financial aid for other students. How is that fair for folks that save and pay their own way?
Equity!!!
“in the past 12 years, while inflation grew by 39 percent”
I keep hearing that inflation is only 3%? So they do understand ?
Uh, 12 x 3….
I wish the math were that simple. If we look at the data, Obama and Trump teetered around 2%. So if we do the math, that’s roughly 20% over 10 years. That leaves 19% increase in just 2 years of bidenomics…
You are not understanding how it works
The policies of binds administrations have nothing to do with it at all. Not that I’m a fan of Biden. The fact is that our nation was masking the signs of recession for decades by suppressing interest rates near zero.
The rate* of inflation is down to 3% , we’re still +20% since 2020
“Musk, whose net worth is estimated at $34bn, responded by saying that college was unnecessary because “you can learn anything you want for free”.
The main value of college, he said, is to be found in proving discipline by completing “annoying homework assignments” and in hanging around with people of the same age before entering the workforce.
“I think college is basically for fun and to prove that you can do your chores, but they’re not for learning,” Musk said.”
“I don’t consider going to college evidence of exceptional ability,” Musk said. “In fact, ideally you dropped out.”
Musk listed some “smart guys” who dropped out of college: Bill Gates, Steve Jobs and Larry Ellison. He also made his reference to Shakespeare, in fact the son of a glover who received a grammar school education but no more.
“
https://amp.theguardian.com/technology/2020/mar/10/elon-musk-college-for-fun-not-learning
Great comment.
That’s why musk is always flailing with his businesses, he’d do better if he’d gotten a business degree
Flailing? He’s quite literally one of the most successful business persons of all time.
Right. Except hes not…. hes only smart enough to steal the ideas and inventions of others and break many laws and promises. Like moving to texas because he couldn’t keep breaking the laws in California. Tesla TSLA is not growing its going to be upside down soon costs of prodyction almost doubled in2022 sold vehicle price did Not almost double. Soon twitter, TSLA, space x, starlink will crash.
Plus lots of other big companies
Get ready
Damn, that’s a 42% increase in tuition over the course of the 5 years. It seems their projections assume that there will be no reduction in enrollment of students paying that increased tuition but I’d be surprised if an increase that dramatic didn’t push some people out.
Missed the little part that said “About 60 percent of CSU undergraduate students whose tuition is fully covered through grants, scholarships, waivers and other non-loan aid, will not pay the increase?” This is the single most blatantly political deference to self serving politics I have ever read. Can anyone imagine anyone else getting away with a charge for their product that says ” if the government pays, we will not charge the government more because they might object and have the power to do something about it. But will instead charge those who pay their own way more to cover the difference”?
Want to bet this is the wave of the future? When government, of which CSU is part, decides that passing tax increases is not going to be convenient, they just by law tell anyone supplying goods or services that the government will only pay so much and, if more is needed, you will just have to charge those who are not government subsidized more. The whole economy, those on food vouchers or who get assistance with rent or subsidized health care,etc, will become divided into two parallel economies. The government economy and the non government economy. With a small unwritten selective oh-so-clever practice, the government can control everything. There are lobbyist’s, social advocate’s and legislator’s brains lighting up all over California, saying “why did we not think of this earlier?” Because such a run around the need for voter approval or political responsibility is sooooo much easier.
Yeah I’m questioning the assumption that they won’t lose paying students over this great of an increase. The whole plan seems to be pretty dependent on maintaining a certain level of enrollment by students who will actually be paying into the system. But the plan actively incentivizes the opposite.
Bidenomics is great! Who voted for this financial wizard in the white house or has he been moved to a care home? All in favor say ” ” and why wouldn’t they give everyone a raise? Great way to do business! Crack me up.
Going the wrong direction.
College should be tuition-free.
It was when I went.
Some of the reporting around the state on this subject, included values for full time students at ~$5800, which is wrong by $2000 a year per full time student. This Fall’s tuition at CSUS for a full time returning student, w/no fees etc – was $3903.78. Which is $7800… without any doubt an incredible value for a University education. Good news for me – it is the last semester to pay…
This kind of widely reported but grossly inaccurate reporting is entirely due to the decimation of the print business model. There isn’t anyone to ask the followup questions. Forget all the partisan BS reasons to beat up on “big tech”, the one reason which really matters – is the +80% shift in ad revenue to tech platforms, which was was never replaced. You can hate the press all you want – the root problem is a lack of funding.
@kymkemp – I get yours is a repost of a release, without any way to ask questions. The abc10.com article, which was independently done as a video piece – that needed better reporting.
Just like healthcare, when the prices are not set by what the customer can afford, but rather what the state is willing to lend on their behalf, prices will get out of control
Bingo!
Need to fire most all of the overpaid otherwise unemployable administrators and make them get real jobs. Bunch of overpaid slackers. Going to price yourselves out of a job if you aren’t careful.
Or per other article here you could just “enroll” (my word not article’s) in Pelican Bay. Geeze we are a rather extreme culture.
Want to bring stability to the university budge?. Fire a whole lot of administrators…starting at the top.