BOULDER, Colo. (CBS4) – A University of Colorado student is putting up thousands in cash to make a statement on the skyrocketing cost of tuition.
Nick Ramos from California said he was so frustrated by price increases, he decided to pay his entire semester’s tuition of $14,000 in dollar bills.
“They just all jaw dropped and everyone came over and couldn’t believe it. Not mad but not too pleased they did have to count it all,” Ramos said.
“Our faculty haven’t had a raise in 3 years. We’ve had $50 million cuts in the last several years and the reality is the state of Colorado needs to step up because we are now 49th in the nation for funding higher education.” CU Regent Michael Carrigan said.
CU regents are exploring the idea of a tuition guarantee for in-state students. They’re already doing it for out-of-state students. The guarantee would mean no tuition increases over 4 years, so the cost would be more predictable for students and families.