- A self-support plan that makes UCLA's MBA program entirely dependent on tuition without state funding was approved this week by University of California (UC) President Mark G. Yudof.
- The controversial plan was initially proposed three years ago with the entire Anderson School of Management going private, leading to criticism that the wealthy school was attempting to become independent of the UC System's troubled financial state.
- Under the plan, the university's faculty Senate will still retain final say in academic matters, the UC system president and regents continue to set tuition for students in the MBA program, and the program is required to offer financial aid at the same level as similar programs in the system.
From the article:
... But Yudof, who is leaving his office in August, wrote that the final plan would help UC financially by freeing up what officials estimate will be $8 million a year in state funds that UCLA can put to other uses. "The university is facing unprecedented challenges due to the withdrawal of state support, and careful deliberation on ways to respond is important for preserving our academic quality going forward," he wrote. ...