|October 2, 2023|
Will increased Cal State tuition stabilize the university’s budget?
LONG BEACH – (INT) - The California State University (CSU) Board of Trustees has approved a multi-year tuition proposal that will increase tuition by six percent per year for five years. Meeting in Long Beach Wednesday, trustees voting in favor said the increase will help to bring stability to the university's budget.
Under the approved proposal, full-time undergraduate tuition will increase by $342 per student beginning in the 2024-25 academic year.
About 60 percent of CSU undergraduate students whose tuition is fully covered through grants, scholarships, waivers and other non-loan aid, will not pay the increase. Another 18 percent will have the tuition increase partially paid for through non-load aid. The tuition increase will generate $148 million in revenue in the 2024-25 school year.
Tuition has been increased once by 5 percent (or $270) in the past 12 years, while inflation grew by 39 percent.
Story Date: September 26, 2023