Tuesday, April 29, 2014

Napolitano Calls Out UCSF 'Loose Talk'

see: UCSF Secession From University of California System Just 'Loose Talk,' Napolitano says

The autonomy coming from the separation, Desmond-Hellmann argued at the time, would have meant that the sole graduate-level-only campus in the 10-campus UC system would no longer subsidize UC undergrad programs. It also would have translated into UCSF having more control over the money it generates from its medical center and other operations.
A University of California spokeswoman did not return email Monday asking about the status of Desmond-Hellmann's proposal, but the plan appears to have died a quiet bureaucratic death.

one 'most influential woman' contradicts another 'most influential woman' -- and the system is just left wondering where things stand...
City Watch LA has a piece written by a candidate for CA Treasurer:
Omitted from the sample was the University of California system, which alone is reported to have lost
tens of millions of dollars on interest-rate swaps. According to an article in the Orange County Register on February 24, 2014, the swaps now cost the university system an estimated $6 million a year. University accountants estimate that the 10-campus system will lose as much as $136 million over the next 34 years if it remains locked into the deals, losses that would be reduced only if interest rates started to rise. According to the article:

Already officials have been forced to unwind a contract at UC Davis, requiring the university to pay $9 million in termination fees and other costs to several banks. That sum would have covered the tuition and fees of 682 undergraduates for a year.

The university is facing the losses at a time when it is under tremendous financial stress. Administrators have tripled the cost of tuition and fees in the past 10 years, but still can’t cover escalating expenses. Class sizes have increased. Families have been angered by the rising price of attending the university, which has left students in deeper debt.
a Sac Bee piece on:graduation rates, achievement gaps

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