Dianne Feinstein

Regents push risk

Peter Byrne, Spot Us — Nov 10 2010 - 2:00pm

Investigation shows some officials profited while UC investments performed poorly

Last fall, amid an unprecedented state budget crisis, the University of California Board of Regents took extraordinary measures to cut costs and generate revenue. Lecturers were furloughed, classes eliminated. The regents — the governing body for the vast public university system — also reduced admission slots for in-state students while increasing the cost for out-of-state students. And to the consternation of tens of thousands of students, the regents raised undergraduate tuition by a whopping 32 percent, with more hikes to come.

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