upper waypoint

UC Considers Tuition Hike, Expanded Aid, Future Pension Reductions

Save ArticleSave Article
Failed to save article

Please try again

From AP:

OAKLAND, Calif. – The University of California is considering proposals to raise student tuition by 8 percent, expand financial aid and reduce pension benefits for future employees.

UC President Mark Yudof offered the proposals in an open letter to California and discussed them on Monday.

He said tuition hike and pension changes are needed to help close a $1 billion budget shortfall.

The UC Board of Regents is scheduled to vote on the measures next week.

If approved, annual tuition for California residents would increase by $822 to $11,124. About one third of the money would be set aside for student aid.

Yudof wants to expand UC’s financial aid program so that students from families earning less than $80,000 would not have to pay any tuition.

Sponsored

lower waypoint
next waypoint