The folks at U.C. Berkeley really are geniuses. They’ve come up with a very clever way to fund their leftist utopia. Why, if we didn’t know better, we’d almost think they were money-grubbing capitalists.
The San Francisco Chronicle has the devious details:
The number of out-of-state students is soaring at UC Berkeley, with new figures showing more than a quarter of newcomers on campus – freshmen and transfer students – won’t be from California this year. That’s up from 23 percent last year, and 15 percent two years ago.
More important for the campus, the nonresidents pay nearly three times the tuition of in-state students, and will bring in $80 million this year, up from $54 million last year, spokeswoman Janet Gilmore said.
How big is the scam? Well, let’s just say there’s a lot of BS in every BA degree.
… Nonresidents pay about $35,000 for a year at UC, compared with $12,000 for California residents. UC has calculated that every 1 percent increase in nonresident students brings in nearly $1 million. Last year, 6 percent of all undergrads across the system – not just newcomers – were nonresidents. UC’s Board of Regents wants to increase that to 10 percent, although it will be several years before that goal is reached, even with this fall’s new students.
There’s an old saying that every trend begins in California. Universities in other states will soon catch on to this scam. Next thing you know all students in all states will only be accepted at out of state schools.
Sure, it’ll cost parents a small fortune, but their financial pain will surely be assuaged by the knowledge that leftist professors’ salaries and retirement plans will be safe.
H/T: CO2Insanity
Source: SFGate.com
