The State of California is bankrupt. Out of cash. They can't make payroll.

College Search & Selection
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<p>They are going to issue IOU's for tax refunds. Its going to get a lot worse.</p>

<p>I don't state this as a political statement, though the causes are obvious for all to see. </p>

<p>I just think people need to pay close attention to what is going on. And choose colleges wisely.</p>

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<p>oh shnap! actually pretty much every state is cutting higher education funds. some states its only 4% while others (like california) its over 10%. California is pretty screwed as it has one of the highest numbers. :o</p>