In the early 1990s, California contributed 78 percent of the total cost per student, a number that had shrunk to 37 percent by the 2015-16 academic year… Between 2003 and 2015, the system’s debt more than tripled, from around $5 billion to around $15 billion. A common perspective, summarized by the credit-rating agency Moody’s in 2012, was that the UC could leverage its “powerful student-market position” to “compensate for state-funding cuts by raising tuition dramatically” and by “growing nonresident tuition, differentiating tuition by campus or degree, and increasing online course offerings.” And indeed, what followed were private-market solutions. But that came at the expense of equity goals.

Read full article [here].
by Laura Hamilton and Kelly Nielsen, The Chronicle of Higher Education.

Posted: June 1st, 2021, by: admin. Categories: . Awaiting Comments.