The California State University Board of Trustees Wednesday approved tuition increases for fall of 2017. According to a statement released by the board, the approved increase will push up the annual tuition for resident undergraduate students by $270 and will generate $77.5 million in net revenue for student success initiatives. The tuition has not been raised since 2011."
The CSU system is facing a critical juncture where additional revenue is needed to continue the trajectory that has seen campuses reach all-time highs in graduation rates," said Steve Relyea, CSU executive vice chancellor and chief financial officer. Relyea also said that the revenue generated by this increase will allow for the addition of faculty members and advisors, courses and other resources that will benefit students. He claimed the vote to increase tution is not a course of action that is taken lightly.
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Beginning fall 2017, the annual tuition rate for a full-time undergraduate student will increase to $5,742. Similar increases for non-resident tuition, as well as graduate, doctoral and teacher credential programs will also take effect next fall. Click here for details on the tuition proposals.
Relyea said the CSU remains committed to keeping costs as low as possible for students and pointed to the financial aid program that helps more than 60 percent of all CSU undergraduate students to get grants or waivers to cover the full cost of tuition. That, according to the statement, results in more than 255,000 students not paying tuition.