Friday, November 29, 2024

UC faces half-billion-dollar budget shortfall and increases tuition for new nonresident students - Mikhail Zinshteyn for CalMatters, Sacramento News Review

The University of California is eyeing a looming budget gap of half a billion dollars next year. To help balance the books it’s relying in part on its out-of-state undergraduates. Meanwhile, the system is pouring tens of billions of dollars into construction projects for seismic retrofitting, new classrooms and medical centers — while also acknowledging it lacks the funding to build or renovate most of what it needs. Out-of-state undergraduates at the UC are charged more than three times the total tuition in-state students are expected to pay. Now system leaders have increased the supplemental tuition for new non-resident undergraduates by $3,402 next fall, an amount that’s $2,208 more than what the supplemental tuition would increase by under existing UC policy.