What is the UC Student Investment Proposal?
Within the past decade, UC students have suffered from egregious increases in tuition costs. In 2011, the State of California cut $650 million in UC system funding and decreased its total support to the system by 21.3 percent. These cuts were met, yet again, with tuition hikes by the UC, and tuition for the 2011-2012 school year rose nearly 18 percent from last year’s. UC tuition has nearly quadrupled over the last decade alone.
In an effort to combat the increasing financial burdens facing students of the University of California, Fix UC has designed a comprehensive plan for the restructuring of the system by which students pay for their education. The UC Student Investment Plan will make it possible for students to attend the UC without paying any upfront costs whatsoever.
After they graduate and get jobs, UC alumni will pay a static percentage (based on 5%) of their salaries for 20 years of employment. Because payments are based on salary, no UC graduate will have to reckon with fees that he or she cannot afford. Students will no longer be held hostage by unmanageable loan payments with fluctuating interest rates and strict deadlines.
Under the Student Investment Plan, graduates will only ever have to pay a stable, predictable fraction of the money they make – that means no loans and no debt. The plan will also garner the UC enough additional revenue to free it from complete dependence on state funding and make room for long-term institutional growth. The purpose of the plan is to reestablish the UC as an affordable option for all qualified California students while gradually reducing its reliance on undependable state monies.
For an in-depth look into the UC Student Investment Proposal, refer to the proposal document and data report. If you feel that the UC needs to implement a new, permanent funding model, let the UC regents know by signing our petition.