It seems like we hear about another school that is discussing increasing the cost of tuition every day. This time, it’s the University of California and they are discussing raising tuition costs by six percent. This means that every student would end up paying at least $732 more next semester. Obviously, students are not happy about this proposal, but the school says that the funds would be put to good use.
So how exactly does the school plan to spend the money, if the tuition hike does go into effect? Well one of the school’s newest expenses is the $411,084 salary that was promised to the new chancellor at UC San Diego, Pradeep Khosla. This salary is 4.8 percent higher than the salary his predecessor, Marye Anne Fox, earned for the same position. Khosla will also receive a relocation bonus of almost $100,000 during the first four years he is at UC San Diego. The school says that Khosla will still be taking a pay cut by switching from his current job as the engineering dean at Carnegie Mellon University.
Many are calling into question whether the school should be spending so much money on one employee’s salary, especially considering that these funds are causing students to pay more in tuition and fees. However, the school is standing behind their decision. Read the rest of this entry »