To make matters that much worse, UNC doesn’t even need the full $950 from each student. 37% of the new increase will go towards funding financial aid programs. UNC Administrators are not using the tuition increase to actual fund education, but are using it to enact a small-scale wealth redistribution scheme. While everyone from the governor on down claims that the money is needed ensure the quality of the degree, this is simply not the case. If this increase was truly about quality-control in the face of a tight budget situation, administrators could knock off that extra 37% that they intend to redistribute from the paying members of the campus body to the non-paying members.
It is also unconscionable for the university to instigate such a sharp increase in the cost of a college education when many families are already struggling to make ends meet. While the Board of Trustees can go home and pat themselves on the back for increasing the amount of money floating around the Financial Aid Office and enjoy their six-figure salaries, many other people (those in the real world) are cutting costs and finding ways to balance their budgets with their existing income streams. At the same time UNC complains about not having enough money to fund classes, they also sign off on muli-million dollar renovations of the football stadium. UNC’s refusal to rein in costs and find ways to balance the budget without raising fees is both lazy and immoral.