CSU Trustees Contemplate Multi-Year Tuition Hikes to Address Budget Gap
TL;DR Summary
The California State University Board of Trustees is considering a proposal to increase tuition over the next five years, starting in fall 2024, at a rate of 6% per year. The first tuition hike would be $342 for full-time undergraduate students, with the price of tuition increasing by almost $2,000 by 2029. The proposal aims to provide tuition stability for students and support those in need of financial aid, generating an estimated $148 million in revenue in the first year. The tuition increase would not affect 60% of students already covered by grants and waivers. CSU officials argue that the hike is necessary to address a nearly $1.5 billion budget gap.
- CSU trustees consider proposal to increase tuition $2K by 2029 KCRA Sacramento
- CSU trustees weigh 6% tuition increase amid major funding gap Los Angeles Times
- CSU schools may raise tuition by up to 6%, Monterey Bay students say it's unaffordable – KION546 KION
- California State University considers multi-year tuition increase KCRA 3
- CSU system to consider 6% annual tuition hikes to cover a $1.5 billion budget gap Long Beach Press Telegram
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