Apparently the UC Board of Regents is not a fan of the late Notorious B.I.G.—or at least a majority of its members have never heard “Mo Money Mo Problems”:http://en.wikipedia.org/wiki/Mo_Money_Mo_Problems.
Ignoring Biggie’s wise words of “It’s like the more money we come across / the more problems we see,” the regents today approved a “7-percent fee increase for undergraduate and graduates in addition to a 12-percent bump in professional school fees”:http://sfgate.com/cgi-bin/article.cgi?f=/c/a/2007/03/14/BAGB4OL5HU13.DTL
We take this to mean that additional funds coming in as a result of the increase will only cause UC trouble. Though in reality UC needs all the money it can get to provide world-class educations and “pay Jeff Tedford’s salary”:http://www.dailycal.org/sharticle.php?id=23822.
This doesn’t change the unfortunate fact that present fees are too much for many students, and this just makes matters worse. Nevertheless, UC—and especially Berkeley—remains a relative bargain.
We hope the regents will also make sure the financial aid system has enough funding to keep the burden off students who can’t afford to pay more.