John Perez promotes the Middle Class Scholarship Act in Sacramento
A Los Angeles lawmaker is putting forth a controversial idea he says will help the middle class: taxing private corporations to help students pay for their college tuition.
Assembly Speaker John Perez, D-Los Angeles, says his Middle-Class Scholarship Act would cut tuition by more than half for families with a total yearly income under $150,000 -- affecting about 200,000 students statewide. A CSU student, for example, would save about $4,000 under the bill, according to supporters.
A promotional website says the savings “will be paid for entirely by closing the $1 billion wasteful corporate tax loophole that allows out-of-state corporations to elect to lower their California tax bill.”
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Eleven UCLA students sit in a circle after in the intersection of Westwood and Wilshire boulevards as part of a protest of bank practices and rising fees at public universities before they were arrested by are arrested by Los Angeles Police Department on November 9, 2011 in Los Angeles, California. The protest organized by ReFund California was one of several planned at universities around the state.
The University of California released its applications numbers for fall 2012 today. Maybe not the most exciting reading, but here are some interesting highlights:
Applications are up across the board from in-state, out-of-state and international students. Kate Jeffery, UC's interim director of undergraduate admissions, attributed this to a general trend across the nation of students "hedging their bets and not just applying to private institutions" any more.
- UC saw a 56 percent increase in freshman applications from out-of-state and international students, which brought the applicant figures up from 21,095 to 33,001 for fall 2012. (Out-of-state applicants went from 12,759 to 19,128 and international applicants from 8,336 to 13,873.)
- Apps from California residents were up 9.8 percent to 93,298. ("From the point of view of affordability, students affected by the economy may be considering UC instead of just a private education," Jeffery said.) Jeffery also said the increase might be because of the system's decision to drop the SAT II subject test requirement for applicants this year.
- Overall, there was a record high of 160,939 students who applied to UC, up 13.2 percent from last year. UCLA specifically saw a 12.7 percent increase in apps, with freshmen apps specifically up by 19.1 percent.