LOS ANGELES (AP) — UCLA’s business school is proposing to free itself of state support by 2015 in exchange for greater flexibility to increase tuition and salaries.

According to the Los Angeles Times in a story posted online Wednesday, UCLA’s Anderson School of Management says forgoing state funding would keep the program competitive with private schools.

Anderson offers master’s and doctorate degrees in business.

Under the proposal, state funding would be replaced by private donations. Tuition would also rise over time. Faculty would still be covered under UCLA’s academic governance and policies.

The proposal must be approved by the UC system and UCLA faculty.

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