NEWS: UC endowments soar as tuition hikes continue
University of California colleges are amassing billions of dollars in endowment funds at the same time tuition skyrockets, reports CalWatchdog.org. University officials often fail to consider these funds when advocating for tuition increases. Excessive salaries are an additional factor that should be considered in the tuition debate as 387 UC employees currently receive over $500,000 in annual salary, a factor that has drawn legislation aiming to reduce compensation to a more reasonable level.
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