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… While the state made nearly $1 billion in cuts to the UC system between 2008 and 2012, an analysis of student aid shows the state at the same time increased UC’s Cal Grant awards by nearly $400 million to help students cover their rapidly rising tuition bills.

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by Katy Murphy, The San Jose Mercury News.

Posted: November 23rd, 2014, by: admin. Categories: . Awaiting Comments.