By Brittanie Gutierrez |Staff Writer| The California State University (CSU) Board of Trustees approved a $270 tuition increase to take place fall 2017. According to a statement released from the CSU Office of the Chancellor on March 22, the tuition increase will “generate $77.5 million for student success initiatives.” “If our advocacy efforts do not result in adequately funding the trustees’ budget request, the revenue generated by this increase will allow us to add faculty, courses, advisors and other resources to improve students’ opportunities for success,” said CSU Executive Vice Chancellor and Chief Financial Officer Steve Relyea. At CSUSB, students have felt the impact of … [Read more...] about More scrambling around for increased tuition
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California Props; Did we get them right?
By Erika Aguilar |Staff Writer| After the election, twelve of the seventeen propositions were approved by voters; the other five that failed to do so will have an impact on Californians. Prop. 51 allows California to borrow $9 billion to improve overall education. "I think it's great because money has been taken away from school over the years and it's obvious it has had an affect on this generation," said student Breanne Downey. Prop. 52 guarantees funding for Medi-Cal to help low-income families. "It's great that this prop passed because it helps pay for health care services for children, low income families and seniors who pay for their medical expenses," said student … [Read more...] about California Props; Did we get them right?
Campus Coke products gouging student wallets
By Marlyn Rodriguez |Asst. Managing Editor| Vending machine prices are on a steady rise on campus and in vending machines nationwide. The New York Times reports that high temperatures increase prices because vending machines will need thermometers with higher capacities to meet consumers’ needs. Consumers’ problems with price increases occur when they are unsure whether the increase is necessary or the company is charging more for their own benefit. Student Nick Wort from Indiana University South Bend (IUSB) recently published an article where he explains how and why their vending machine prices have increased. Wort interviewed the director of dining services on the IUSB campus, who … [Read more...] about Campus Coke products gouging student wallets
Higer interest loan fees
By, Alejandra Arana |Staff Writer| Student interest rates on subsidized loans will double on July 1 if Congress does not take action to stop it. The College Cost Reduction and Access Act of 2007 requires that subsidized loan interest rates will double from 3.4 percent to 6.8 percent in a few months. These rates will only apply to newly established loans that are taken out after July 1 by students who are currently enrolled or will be enrolled after the date. According to WebMath.com which is a compound interest calculator, a $25,000 loan taken out with a 3.4 percent interest rate will cost a student up to$39,913.31 over 30 years. A loan taken out with a 6.8 percent interest will cost … [Read more...] about Higer interest loan fees
Looming $200 million CSU cut hurts financial aidless
By Lizbeth Lopez |Staff Writer| It seems just about every quarter you can log into MyCoyote and always find in bold red letters something like the following, “On July 12, 2011 the CSU Board of Trustees approved an additional twelve percent tuition fee increase effective Fall 2011 after a $650 million cut to the CSU system budget cut by the State of California.” When will the tuition increases and CSU budget cuts stop? What is Gov. Jerry Brown doing to assist offsetting these tuition fee increases? According to the California State University Office of Public Affairs, Brown wants to raise income taxes on high-income earners and increase the state sales taxes, estimating to … [Read more...] about Looming $200 million CSU cut hurts financial aidless
CSU administrators express need for hike
by Stephanie Paniagua | Staff Writer | Over $333 million has been restored to the CSU system to ease the effect of the already hundreds of millions of dollars cut by state legislators. The CSU system has suffered a $650 million decrease in funding and faces an additional “trigger cut” of $100 million, bring the grand sum to a whopping $750 million if the state does not meet its projected tax revenue next month, explained CSU Assistant Vice Chancellor Robert Turnage during a teleconference on Nov. 14. On Nov. 16, the Board of Trustees approved the CSU’s proposal to restore $333 million to offset the potential $750 million cut CSU is facing, according to CSU spokesperson Elizabeth … [Read more...] about CSU administrators express need for hike
Tuition may rise again next year
By Staphanie Barrera |Staff Writer| CSUSB may face another potential budget cut which could directly affect student tuition, financial aid, student enrollment and a reduction in personal cost for the next school year. A press release was distributed earlier this week by CSUSB Office of Public Affairs stating that more budget cuts will lead to an estimated funding loss of $3.8 million from the school’s reserves. California’s state tax revenue in September was $300 million less than expected reported state Controller John Chiang early last week. According to Chiang, CSUSB will be directly affected if the budget cuts are triggered. The Daily Bulletin reported that “a … [Read more...] about Tuition may rise again next year
Tuition may rise again next year
By Stephanie Barerra |Staff Writer| CSUSB may face another potential budget cut which could directly affect student tuition, financial aid, student enrollment and a reduction in personal cost for the next school year. A press release was distributed earlier this week by CSUSB Office of Public Affairs stating that more budget cuts will lead to an estimated funding loss of $3.8 million from the school’s reserves. California’s state tax revenue in September was $300 million less than expected reported state Controller John Chiang early last week. According to Chiang, CSUSB will be directly affected if the budget cuts are triggered. The Daily Bulletin reported that “a projected $1 … [Read more...] about Tuition may rise again next year
‘Yotes howl at financial woes
Eric Brown |Managing Editor| The CSU again faces a budget cut, this time at 23 percent according to a press release from the CSU late last month after the state governor's office determined that state revenue forecasts were not being met. What this means to students, particularly at CSUSB is another year of doing more with less. The Sun recently reported that tuition rates for CSU campuses have been among the fastest growing in the nation in over the past few years, according to a new facet of the Department of Education. CSUSB ranked 15th and Cal Poly Pomona ranked 19th in the country out of hundreds of public colleges and universities whose rates of tuition increases are listed … [Read more...] about ‘Yotes howl at financial woes
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