Under the schedule, the annual undergraduate tuition for CSU will increase from the current $5,742 to $6,084 in the 2024-25 school year. The total would jump to $6,450 the following year, then to $6,840 in 2026-27, then to $7,248 and ultimately to $7,682 in 2028-29.
During a Wednesday morning meeting of the Trustees' Finance Committee, the panel rejected a motion to reduce the schedule to only three years of increases. During the meeting of the full Board of Trustees, another motion was made to impose only four years of increases, but the board also rejected that change.
Trustee Jack McGrory said raising student costs is a difficult decision, but he noted that 60% of the CSU system's funding is state money while the other 40% is from student tuition. "You are headed into an action that you do not fully understand the consequences of," she said."... We're talking about 184,000 students who are going to have a $2,000-a-year increase by the time this is implemented in five years. And we have done no work ... on what that increase is going to mean to our student body. I don't see how we can do this without knowing what a $2,000-a-year increase is going to mean for our students.
He conceded there will be a financial impact on some students, but noted that CSU leaders met with student groups and agreed to meet some of their concerns -- by including in the university's tuition policy a guaranteed increase in funding for tuition support, the establishment of a standing financial aid advisory committee and the inclusion of students in tuition assessment that will be conducted after the hikes are implemented.
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