University of California regents on Thursday approved a $9.3-billion budget that will add 2,500 more California undergraduates and increase support for struggling students without raising tuition in the next academic year… UC’s budget plan requests $277.6 million in additional state funding — including $63.8 million to avoid increases in tuition and student fees. Officials also are asking for $100 million in one-time funding to repair aging facilities. The university expects to raise $106 million more in tuition revenue from expanded enrollment and higher fees on nonresident students, and $70.4 million more from investments, philanthropy and cost savings, than it did in the current year budget. All told, the increased revenue would pay for enrollment growth ($86.3 million), enhanced academic support ($60 million), faculty and staff raises ($137 million), building maintenance ($115 million) and health benefits, retirement and other mandatory costs ($119.8 million).

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by Teresa Watanabe, The Los Angeles Times.

Posted: November 15th, 2018, by: admin. Categories: . Awaiting Comments.