UCLA’s Anderson School of Management aims to fund itself

UCLA’s Anderson School of Management wants to end its reliance on state funds under a controversial proposal that would be the first such shift to self-sufficiency in the cash-strapped UC system and could provide a model for other programs seeking freedom to raise tuition and faculty salaries.

Anderson, which offers master’s degrees and doctorates, hopes to wean itself off state funds by 2015 and to replace that $5.6 million a year with additional private donations and tuition levels closer to that of private business schools. Under the plan’s projections, annual tuition for California residents in a full-time master’s program at Anderson would rise gradually from $41,000 now to about $53,000, including a $5,000 discount for in-state students.

By Larry Gordon, Los Angeles Times

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