Tuition on the Rise at State Schools in California
For some students in the University of California system, the new school year has come with an unwelcome surprise: an increased financial aid funding gap. With the state facing severe budget issues, the U.C. system has been forced to increase its tuition, leading to a larger out-of-pocket cost for many students.
Faced with drastic cutbacks in state financing, U.C. tuition increased 18 percent this school year, and the university’s Board of Regents is expected to vote on a plan to raise tuition 8 percent to 16 percent a year through 2015-16.
With a price increase of over $1,000 from last semester, U.C. students are being forced to come up with new ways to finance their educations. The financial aid offices are working hard to help students locate extra money, but in some cases, additional funds may be needed. However, the U.C. system is dedicated to doing all they can to help students stay in school.
“No one should feel they have to leave U.C. due to rising tuition and fees,” Mr. Yudof [the University of California president] wrote… “I implore you to discuss your financial aid options with your campus financial aid office.”
Some options for students include taking a part-time job, applying for extra scholarships, or taking out additional money in loans. If loans are needed, students should be sure to consider all of their options and shop around for the best rates and terms.