University of California: The hidden cost of tuition hikes
If the University of California hikes its fees, defying the governor’s tuition freeze, students won’t be the only ones footing the bill. Taxpayers would likely end up paying an extra $45 million next year alone, and at least $250 million more annually by 2019 — for their share of the rising costs.
As tuition soars, so does taxpayer-funded financial aid, becoming a larger — though often-overlooked — piece of the UC funding picture. Each time the state cut the university’s budget during the Great Recession, UC hiked tuition, and the state, in turn, gave ever-greater sums of tuition grants to help low-income students pay for their UC educations. UC itself last year granted students $775 million out of its own funds.
Fifty-five percent of in-state undergraduates have all of their tuition covered through a combination of state, federal and university grants; another 14 percent receive some subsidy. Just 31 percent pay the full price, $12,192 this year.
