Tuesday, June 28, 2016
Dear Friend of UC:
I am writing to provide you with an update on the state budget for the University of California, which has been signed into law by the Governor...
UC will... receive $18.5 million in ongoing funds to enroll 2,500 additional California students...
Note: $18.5 million/2,500 = $7,400 per student. So if each extra Californian comes as a displacement of one out-of-state student, we get a net reduction of revenue. If each extra Californian is just added to total enrollment, the amount received is less than what UC thinks an extra student costs.
Well, there's always room for more: