Trustees of the California State University decided that a tuition fee hike is the best way to cover a $1.5 billion deficit.
The plan is to raise tuition by 6% each year for five consecutive years.
The 9-member governing board unanimously voted in support of the fee hike which is to begin across the 23 campuses in the Fall of 2024.
Undergraduate students will be paying $342, a total of $6,084, which will be at $7,682 by the 2028-29 year.
The fee hike will affect 184,000 undergraduate students (40%) who don't qualify for financial aid.
Nearly 276,000 students at the university who come from low-income families receive financial aid that fully covers tuition.
However, many students don't qualify for financial aid because they work multiple jobs which consequently affects their GPA and eligibility.
Students will either have to drop out or take on additional jobs to further make up the cost, which is still unlikely to close the university's deficit.