UC regents hear ideas for raising money

Students have long contended that the $22 billion university has enough hidden caches of money to stop its steady tuition increases. UC insists it doesn’t. Yet the brainstorming session showed there are ways to squeeze more from the sponge. Tuition was not on the table. But Yudof has said a hike is all but inevitable if voters reject Proposition 30, a tax measure on the November ballot that would trigger a $250 million cut to UC if it fails. The university did not release its ideas in advance, so few students or employees showed up to weigh in. Yudof noted that student Regent Jonathan Stein and the student regent-designate, Cinthia Flores, helped develop the recommendations. “Needless to say, they don’t endorse all of them,” he said. Especially distasteful to the students was the idea of allowing up to 20 percent of undergraduates to come from outside the state. The current cap is 10 percent.

Read full article [here].
by Nanette Asimov, The San Francisco Chronicle.

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