Debt Free Monday, May 30, 2022
Yesterday, we continued our posting of the May 17-19 Regents meetings. What remains for us to cover is May 19th, which we will be getting to soon. In the meantime, here is an item about one of the May 19th topics: UC system takes another step toward keeping students debt-free Mikhail Zinsteyn, 5-20-22, CalMatters === IN SUMMARY By officially prioritizing part-time work as a way for students to pay for college, the University of California moved closer to its goal of students avoiding burdensome loans by 2030. ===
The University of California is vowing to offer its California undergraduates a debt-free college experience by 2030 as part of an overhaul of how the system views college affordability. To get there, the system of 230,000 students seeking bachelor’s degrees is relying on a mix of state and federal support, revenues from recent tuition increases, and students working part-time to cover the full cost of an education. Students from wealthier households would also rely on parental support. The system’s governing body, the Board of Regents, took another step toward that debt-free goal Thursday [May 19] by voting to prioritize part-time work over taking out loans as part of the UC’s official financial aid policy. The change is subtle but is yet another instance of the UC signaling that its students should be able to earn a bachelor’s degree without the need to borrow within the next several years. “The preferred outcome of our financial aid strategy is that students can afford their education through opportunities for part-time work made available to them and minimize student loan borrowing,” said Michael Brown, provost of the entire UC system, at Wednesday’s UC Regents meeting. Though more than half of UC’s in-state undergraduate students don’t pay tuition due to financial aid, the free-college movement has widened its scope to include non-academic expenses that are still vital to a student’s education, such as housing, transportation and 200
UCLA Faculty Association Blog: 2nd Quarter 2022
