California State University hid a $1.5 billion surplus while raising tuition


So what’s $1.5 billion? No big deal.

(From The Sacramento Bee)

Yes, that’s billion with a “b.” While CSU was squirreling away this massive fortune, it was simultaneously raising tuition costs for students and begging the California State Legislature for more money.

“CSU put the money, which primarily came from student tuition, in outside accounts rather than in the state Treasury,” according to a story by The Sacramento Bee’s Sawsan Morrar.


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