Yesterday, UC President Mark Yudof announced his attention to propose a system-wide, eight percent fee hike at the upcoming meeting of the UC Board of Regents. That's on top of the 32 percent increase that went into effect last year.
The increase would raise over $100 million in revenue for a university that has struggled with reduced funding from the state (roughly halved since 1990) and at the same time faces a looming $21 billion liability in unfunded pensions. President Yudof will also propose raising the minimum retirement age for UC employees from 50 to 55. The age for the maximum pension benefit increase from age 60 to age 65.
For in-state students, the latest increase would tack on another $822 to their fees, pushing the total cost for Californians attending a UC campus just past the $12,000 a year mark (not counting room and board).
It should be noted that California students whose family's made less than $80,000 would not have to pay the increase. The fee increase would also be waived the first year for family's with household incomes under $120,000.
This morning on KQED's Forum, Michael Krasny discussed the proposal with Nathan Brostrom, former vice chancellor at UC Berkeley and current vice president of business operations at UC, and Claudia Magaña, president of the UC student association.