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LONG BEACH (CBS) — California State University has approved another 12 percent increase in tuition this fall to offset a deeper-than-expected cut in state funding.
The CSU Board of Trustees on Tuesday approved the tuition hike of nearly $600 a year. It came on top of a previously approved 10 percent increase for the 23-campus system.
One third of the new revenue will be set aside for financial aid.
Annual tuition for in-state undergraduates for 2011-2012 will increase to $5,472, which doesn’t include room, board or campus fees.
Annual tuition would increase $678 for credential program students and $720 for graduate students.
The hike will be added to a previously approved 10 percent increase for the 23-campus Cal State system. Annual tuition will now cost $5,472 for in-state undergraduates.
Dozens of students rallied outside of the board meeting Tuesday.
The new state budget reduces CSU funding by $650 million, or more than 20 percent.