CSU Trustees Contemplate Multi-Year Tuition Hikes to Address Budget Gap
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.
