As we recently noted, college tuition has gone up at an outrageous rate over the years.
FOX News reports:
California State University system considers increasing tuition 6% every yearCalifornia’s public university system is looking to increase its tuition for the 2024-2025 school year.According to California State University’s website, the university is considering a “multi-year tuition proposal.” The website states that the proposal is a “revenue sustainability plan for system-wide tuition, nonresident tuition and the graduate business professional program fee.””The CSU’s first priority and commitment continues to be to pursue full funding from the state and to collaborate with partners across the system to make the case in Sacramento for the level of new funding that supports student success,” a statement on the proposal reads.The proposal would impose an annual 6% tuition increase that is projected to “generate hundreds of millions of dollars.”The proposal is expected to generate $148 million in revenue in the first year. CSU officials also plan to use that revenue to allocate $49 million to CSU’s State University Grant (SUG) program, a financial aid support program for low-income students.Furthermore, the proposal would generate $840 million in revenue over five years.The first increase in the 2024-25 academic year would be $342 for full-time undergraduate students.Under the proposal, full-time undergraduate students would increase tuition from $5,742 to $6,084 in the first year. After that, tuition would increase by 6% each subsequent year, resulting in a full-time undergraduate student paying $7,682 a year by the 2028-2029 academic year.
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