Breaking: Cal State, the nation’s largest public four-year university, needs to hike its tuition for the first time in 12 years, according to a report. The system doesn’t make enough money to cover its costs, according to new analysis. 📝: mzinshteyn
Members of Teamsters, CSUEU, UAW 4123, and CFA Faculty gathered to ask for fair wages outside the CSU Chancellor’s office in Long Beach on May 23, 2023. Photo by Lauren Justice for CalMattersA new analysis shows that the California State University system doesn’t make or receive enough money to cover its costs, even with state support. The report and lawmakers urge the system to increase tuition, but even that might not be enough.
“The model explains why there never seems to be enough money to pay for what the universities think they need,” the report states. The Cal State’s revenues from tuition and state support will be 29% to 41% less than what the system needs by 2030 unless the system finds new sources of money, warn the, a mix of CSU trustees, provosts, campus presidents, senior system staff, a leading professor, outside consultants and the president of the student association. And that’s “even with aggressive assumptions about increases in state General Fund and tuition.
“If we don’t heed the warning signs right now, we’re going to find ourselves in a world of hurt down the line.”Part of the report’s analysis included how much it would cost to improve the graduation rates of low-income students and students of color by examining the few campuses that have made the most progress in closing equity gaps. The analysis also introduced new data that’ll be closely watched, like the cost of providing each major.
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