Archive for the ‘Finance’ Category

Public college tuitions spike 15%, even 30%

Tuition at many public colleges and universities is skyrocketing, thanks to state budget deficits that have choked off funding for higher education. The University of California, for instance, estimates a 30% increase in the 2010-2011 year. “California’s $20 billion deficit will make it hard for the state’s legislature to provide funding to the schools,” said Patrick Lenz, UC Berkeley’s budget administrator. loadposition in-article Next year’s tuition numbers aren’t final, since many states are still hashing out their budgets. But one thing is certain: Rates are going up, and the schools that will be hit the hardest are in the states that have seen the worst of the economic downturn. For example, the Universities of Nevada, Florida, and Washington, each estimate that their tuitions will jump 10% to 15% next year. University of Washington’s Associate Vice Provost, Gary Quarfoth said the school expects to raise rates by 14% to help …

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