Thirty-two percent increase in UC student fees

The resession hasn't only hit employees but future employees as well. The UC regents just approved a 32 percent increase for student fees outlined in an Associated Press article.

As hundreds of students demonstrated outside, University of California leaders on Thursday voted to approve a 32 percent hike in undergraduate fees, arguing the increase is crucial because of the state's budget crisis.

The UC Board of Regents, meeting at UCLA, approved a two-phase increase that will boost the average undergraduate fee $2,500 by next fall. That would bring the average annual cost to about $10,300 — a threefold increase in a decade.

After a series of deep cuts in state aid, and with state government facing a nearly $21 billion budget gap over the next year and a half, regents said there was no option to higher fees.