UC president Janet Napolitano defends tuition policy during Marin talk

"… Napolitano said tuition accounts for only $12,000 of the total $33,000 annual cost of attending the University of California. She said students whose families earn less than $80,000 pay no tuition, and the median debt of graduating students is $20,000.

‘That’s the price of a car,’ Napolitano said, ‘and most cars depreciate when you drive them off the lot, but a college education, it should be going up in value …’"

http://www.mercurynews.com/bay-area-news/ci_29595849/uc-president-janet-napolitano-defends-tuition-policy-during