UC tuition might jump 32% if tax proposal fails, official says

The L.A. Times reports:

University of California officials warned Wednesday that the 8% tuition increase UC students already face this fall may be dwarfed by an additional 32% midyear hike if Gov. Jerry Brown's plan for tax extensions is not approved.

Calling the idea a "nasty scenario," UC President Mark G. Yudof said the university must be prepared in case the proposed tax extensions are not approved and state funding for the 10-campus system is cut $1 billion next year, double what it would be otherwise. "It's not desirable. But people have to understand the grave consequences to this university," Yudof said at a UC regents meeting in San Francisco.

The higher education bubble update.