by Lena Torres | Staff Writer |
CSU Board of Trustees expect to impose severe slashes to the state of California’s funding for higher education despite Chancellor Reed’s denial of a plan that would raise tuition annually.
The CSU system predicts there will be more financial difficulties in the 2012-13 school year.
Chancellor Reed decided not to raise tuition, so officials must turn to other avenues to compensate for the possible cut.
“As we approach this year, our strategy is to focus on additional revenues, including enrollment management strategies. We’ll examine our summer session fees and financial aid model to make sure we’re best serving students and generating necessary revenues,” said Sid Robinson, associate vice president, public affairs CSUSB.
CSUSB students are now a little less stressed knowing tuition will not increase.
“It’s a relief to know that regardless of the budget cuts I won’t have to worry about tuition going up,” said student Erika Hamilton.
Across the state, CSU campuses must prepare themselves for the possibility of another $100 million budget cut, which would make it the third budget decrease in a year. This will make it a total of $750 million in cuts to the CSU system.
Based on CSUSB enrollment a $100 million cut would be around a $3.8 million loss for CSUSB. Luckily for students, CSUSB will cover the cost of the budget cuts with the university’s one-time central reserve funds.
CSU is the largest system of higher education in the country with 412,000 students.
Servicing all the students the preliminary CSU budget has estimated an additional need of $315 million in revenue from the stat.
A request for a budget increase comes from $100 million to cover growth in enrollment, $50 million to mandatory costs for miscellaneous benefits and $95 million for a 3 percent compensation increase.
New graduation initiative/student success programs demands $40 million in funding, whilst urgent maintenance needs are estimated at $15 million and information technology infrastructure upgrade will cost $15 million.
Overall, a total of $315 million dollars is necessary in order to keep the CSUs operating at their minimal budget.
CSUSB officials will also consider developing additional online programs through the College of Extended Learning that will target military and others outside the region.
“We will continue to escalate our recruitment of non-resident students from other countries, as well as increase our resident enrollment. We have ample one-time funds available to provide additional classes for increased enrollment number,” said Robinson
Officials are creatively turning to other sources to make up for the deficit in the CSU budget.
“We’ll stress funding from grants and contracts, and also from philanthropy, to support our various programs. On the expense side, we’ll continue to secure administrative savings through a variety of strategies, including partnerships to share resources,” said Robinson.
The CSU system prides itself on providing a quality affordable education. Students are keeping their fingers crossed that these other avenues will be successful at garnering money to keep tuition costs down.