California State University Approves 6% Tuition Hike for Next Year

TL;DR Summary
The California State University (CSU) board has approved a 6% annual tuition hike for the next five years, starting in 2024, generating an additional $148 million for the system. The proposal was met with opposition from students who held protests outside the meeting. The board rejected a student representative's proposal to limit the plan to four years. The tuition increase aims to address a $1.5 billion budget shortfall, but critics argue it will create financial hardship for students. Financial aid will also increase by $49 million.
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