On Nov. 4 the Board of Trustees approved a 6.5 percent undergraduate tuition increase for the 2012-2013 academic year. Reasons for this increase range from a need to sustain education programs to improve the image of the University.
After nearly a decade of drawing from the “quasi-endowment,” University officials have proposed a budget plan for 2006-2007 that calls for the University of La Verne to live within its means. But the balanced budget plan comes at the cost of tight spending restrictions and tuition increases across the board.
Budgetary belt-tightening in response to an unexpected deficit at the University of La Verne this year will continue into next year to keep the school solvent.
With the University of La Verne in the middle of a budget crisis, surely the one thing on many people’s minds is why doesn’t the University have an endowment to fall back upon?