The California State University (CSU) Board of Trustees has approved a multi-year tuition proposal that will increase tuition by six percent per year for five years, and help to bring stability to the university’s budget. Under the approved proposal, full-time undergraduate tuition will increase by $342 per student beginning in the 2024-25 academic year. The tuition proposal will sunset at the end of 2028-29.
About 60 percent of CSU undergraduate students whose tuition is fully covered through grants, scholarships, waivers and other non-loan aid, will not pay the increase. Another 18 percent will have the tuition increase partially paid for through non-load aid. The tuition increase will generate $148 million in revenue in the first year (2024-25) with $49 million going toward financial aid support for students. The five years of the tuition increase will generate a total of $860 million in revenue, with a commitment of $280 million of that revenue for financial aid.
“The revenue from the tuition increase is essential to provide the CSU with the financial stability it needs to continue to serve students today and in the future,” said Steve Relyea, CSU executive vice chancellor & chief financial officer. “Coupled with an expanded financial aid structure that will look more holistically at the total cost of attendance, the CSU is committed to keeping costs as low as possible and providing support for students with the greatest financial need.”
Tuition has only been increased once by 5 percent (or $270) in the past 12 years, while inflation grew by 39 percent. The revenue generated by the increase will help to narrow the perennial funding gap between the CSU’s revenue and its costs.
Priorities for the increased tuition revenue include:
Increased funding for the State University Grant (SUG) program
Academic and student services support
Basic needs and mental health services
Title IX implementation and ongoing costs
Infrastructure, including new facilities and ongoing maintenance
Compensation to attract and retain outstanding faculty and staff
For more information on the CSU’s tuition and budget, visit the Tuition & Fees webpage.
About the California State University
The California State University is the largest system of four-year higher education in the country, with 23 campuses, nearly 460,000 students, and 56,000 faculty and staff. More than 40 percent of the CSU’s undergraduate students transfer from California Community Colleges. The CSU was created in 1960 with a mission of providing high-quality, affordable education to meet the ever-changing needs of California. With its commitment to quality, opportunity and student success, the CSU is renowned for superb teaching, innovative research and for producing job-ready graduates. Each year, the CSU awards more than 125,000 degrees. One in every 20 Americans holding a college degree is a graduate of the CSU and our alumni are 4 million strong. Connect with and learn more about the CSU in the CSU NewsCenter.