Students at UC Riverside presented a plan that would abolish tuition Wednesday. UC President Mark Yudof said he’d consider it.
The UC Student Investment Plan was presented at the regents meeting by a student group called Fix UC. The plan would make it possible for students to attend the UC without paying any upfront costs whatsoever, the group says. Yudof says he’ll have his “best number crunchers review it thoroughly.”
Vote in our poll below and share your thoughts in the comments. Here are the specifics of the plan:
After they graduate and get jobs, UC alumni will pay a static percentage (based on 5%) of their salaries for 20 years of employment. Because payments are based on salary, no UC graduate will have to reckon with fees that he or she cannot afford. Students will no longer be held hostage by unmanageable loan payments with fluctuating interest rates and strict deadlines.
Under the Student Investment Plan, graduates will only ever have to pay a stable, predictable fraction of the money they make – that means no loans and no debt. The plan will also garner the UC enough additional revenue to free it from complete dependence on state funding and make room for long-term institutional growth. The purpose of the plan is to reestablish the UC as an affordable option for all qualified California students while gradually reducing its reliance on undependable state monies.
For an in-depth look into the UC Student Investment Proposal, refer to the proposal document and data report. If you feel that the UC needs to implement a new, permanent funding model, let the UC regents know by signing our petition.