New report says Cal State has $1.5 billion funding gap, suggests tuition hikes

Argentina Noticias Noticias

New report says Cal State has $1.5 billion funding gap, suggests tuition hikes
Argentina Últimas Noticias,Argentina Titulares
  • 📰 mercnews
  • ⏱ Reading Time:
  • 79 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 68%

A new analysis shows that the California State University system doesn’t make or receive enough money to cover its costs, even with state support. The report and lawmakers urge the system to increa…

The nation’s largest public four-year university is presently incapable of affording itself.nearly a year in the making by leaders of the California State University details the massive gulf between the money the system currently generates from tuition and receives in state support and the actual costs of educating its nearly 500,000 students and employing 60,000 workers.

As a consequence, ongoing tuition hikes are likely forthcoming. Likely more system tumult awaits, as unions are threatening to strike.Emma Joslyn, center, a member of UAW 4123, and Nora Cisneros, right, with CFA, during the rally. Members of Teamsters, CSUEU, UAW 4123, and CFA Faculty gathered to ask for fair wages outside the CSU Chancellorís office in Long Beach on May 23, 2023.

These cost gaps don’t necessarily mean cuts to key services are imminent. “It’s not really about what cuts we’re going to make, it’s … opportunities that we do not have to invest in additional things that we should be investing in,” said Jeni Kitchell, executive budget director for the CSU. This sobering analysis echoes what the state’s nonpartisan bean counters, the Legislative Analyst’s Office, said in January: Cal State’s tuition and state supportBut the solutions the report describes will be bitter pills to swallow. Annual tuition hikes are necessary to increase revenue for the CSU, the report argues, reversing course for a system that has raised tuition only once in the last 12 years.

But a predictable model that students can budget for and that sends more financial aid back to students, “there’s definitely benefit there.”How much more revenue the CSU would generate from tuition hikes depends on whether the system continues its enrollment slide or begins attracting additional students. Another factor is whether tuition goes up 3% for every student annually, or increases once by 5% for every new incoming class of students, similar to the.

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

mercnews /  🏆 88. in US

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

New report says Cal State has $1.5 billion funding gap, suggests tuition hikesNew report says Cal State has $1.5 billion funding gap, suggests tuition hikesBreaking: Cal State, the nation’s largest public four-year university, needs to hike its tuition for the first time in 12 years, according to a report. The system doesn’t make enough money to cover its costs, according to new analysis. 📝: mzinshteyn
Leer más »

Population losses hit Northern California cities much harder than Southern California citiesPopulation losses hit Northern California cities much harder than Southern California citiesThe state's major cities lost people between 2020 and 2022, especially in Northern California. But exurban boomtowns, including some Southern California areas, saw gains.
Leer más »

California becomes the first state to phase out toxic hexavalent chromiumCalifornia becomes the first state to phase out toxic hexavalent chromiumBreaking: The state Air Resources Board voted today to ban the substance known as chromium 6, giving platers several years to switch to an alternative the platers say won’t produce the same chrome shine.
Leer más »

California state track championships set for Friday and Saturday in ClovisCalifornia state track championships set for Friday and Saturday in ClovisThe state track and field championships set for Friday and Saturday at Buchanan High School in Clovis will provide another great setting for California's best athletes.
Leer más »

Penn State will play Michigan State in football on Black Friday in DetroitPenn State will play Michigan State in football on Black Friday in DetroitThe prime-time matchup at Ford Field on NBC will come one day after the Lions and Packers play there.
Leer más »

Penn State opens as favorite over Michigan State in Black Friday matchup at Ford FieldPenn State opens as favorite over Michigan State in Black Friday matchup at Ford FieldPenn State opens as a double-digit favorite over the Spartans several months away from their meeting in at Ford Field the day after Thanksgiving.
Leer más »



Render Time: 2025-04-04 23:47:02