UC Board of Regents postpones tuition-hike vote until May

SAN FRANCISCO (KABC) -- The University of California Board of Regents postponed their vote on a proposed tuition increase until May.

The UC Board of Regents planned to vote Wednesday on the proposed increase of $342, or 2.7 percent, in annual tuition and fees for the 2018-19 academic year.

The public university system said the hike will compensate for state funding cuts at a time of record-high enrollment.

If approved, the cost for California residents who currently pay $12,630 in tuition and fees would increase to $12,972.

Out-of-state students would pay an additional $978, or an increase of 3.5 percent, bringing their total for annual tuition and fees to $28,992.

The regents approved a similar increase last January, which was the first tuition hike since 2011.

Many students have vocally opposed the increase. The UC Student Association has collected nearly 3,000 petition signatures online.

"The Associated Press contributed to this report."