<p>I don't have a link off top of my head. But it passed the house with a narrow margin. It would make UC tuition for families with income below $150k, only $8100 and $4000 for State universities. Now it just has to pass the senate. If you support it, I'm sure it wouldn't hurt to write your CA state senator. I'm very for it. This closed tax loop hole actually just restores corporate taxes to the level they were in 2008 I believe.</p>
<p>Can California afford this? I thought the tuition at the state schools was very affordable and for families making below %$80K there is state aid for state schools. Where I saw the issue in cost of CA was with the room and board. If CA is subsidizing room and board costs for state residents, that is an extravagance, IMO.</p>
<p>Actually, you misread that. The bill would not reduce tuition to those amounts; it would reduce tuition by those amounts. In other words, university and state college tuitions would be reduced by $8k and $4k, respectively.</p>
<p>I’m generally not a fan of corporate tax hikes, but this one makes sense. At present, corporations that have their operations outside the state pay lower taxes than corporations with equivalent sales and the bulk of their operations within the state - which effectively penalizes California employers. This would “level the playing field” - restoring corporate taxes based on sales and not on the amount of property (or number of employees) within the state.</p>
<p>If the increased revenues go to higher education, so much the better!</p>
<p>“Both new students and current students would be eligible if they do not already qualify for financial aid.”</p>
<p>The cuts in costs should be for those already receiving financial aid, because they are the most in need. This is yet another example of the middle class claiming they have it the toughest and getting help that should be going to poor students.</p>
<p>As a California resident who has paid taxes for the past 30+ years, I think the cap should be set at a higher limit because we, in the supposedly “upper” middle class, are the ones that get hit the hardest. (We’ve saved for years in 529 accounts and are not conspicuous consumers.) We’re fully funding the universities paying $32K per year. (~$11K each quarter) California tuition is not affordable. Room and board varies with which UC is attended. </p>
<p>TS1125 PLEASE! The poor students always get the most monies! They get Cal Grants and Pell Grants and merit/need based aid all of the time. These scholarship people lie when they say that their selections are based only on academics. I guarantee you they look at income.</p>
<p>Kids who apply for merit scholarships, and who own a home in California, no matter what the level of home, are always denied for scholarships and financial aid. I have already experienced this with 2 of my children. My 2nd daughter, a finalist and an URM, was just rejected, yet again, for a merit scholarship because “although the scholarship was not based on need, and your daughter had the highest gpa, the committee felt that the other student’s situation merited the aid.” </p>
<p>I will vote for anything where I don’t have to keep subsidizing the university for other student’s costs because I really cannot afford to dig into my personal savings or retirement accounts.</p>
<p>I am low income, but I have to take a lot of loans.
My UC is 500 miles away from home.</p>
<p>First year my EFC was $201 - I had to take $9900 in loans + $2800 work study.
Second year EFC was $2400 - I had to take $10100 in loans + $2800 work study
Third year EFC is $1450 - I have to take $8950 in loans + $1900 work study</p>
<p>I will finish my UC in 4 years, but it cots me 40K in loans.</p>
<p>The best way to get money from state - stay home and go to local CSU
My friend goes to local CSU and bring home around $5000 free money from grants every year, have $4000 work study and NO loans.
She couldn’t finish her study in 4 years, it will take her 5 or 6 years, but she saves her money for grad school.</p>
<p>After she finish her study, she will have 35K in her saving account.</p>
<p>Calif needed to do something to stop the craziness of Blue and Gold that has an $80k income threshold regardless of how many kids you have in college.</p>
<p>But, even this new idea is flawed. Why would a family of 2 (1 parent/1child) with an income of $145k get this discount, while a family of 5 (2 parents/3kids in college) and an income of $155k not qualify?</p>
<p>Calif should stop using income thresholds and start using FAFSA numbers.</p>
<p>A reduction by $8k and $4k respectively would be even crazier. Most CSU’s yearly tuition is around $4k-5k. While most UC are just shy of $14k. This is crazy scholarship wise. But sigh I just have a feeling it gets defeated or stuff gets tacked on and the money gets diverted some how. I can pray and hope right.</p>
<p>But a year COA of around $28k less $8k would be phenominal! sigh I’d look outside the state a lot less. Probably be a lot less local brain drain too.</p>