University of California Offers Pretty Good Bang for the Buck — For Now

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Several years ago the Washington Monthly decided to start up a new kind of college ranking, this one based on the actual social value of universities across the country. You can read the rationale for the rankings here, but I was struck by Paul Glastris’s introduction today:

Only one of U.S. News’ top ten schools, Stanford, makes the Washington Monthly’s top ten. Yale fails even to crack our top 40….Instead, the University of California – San Diego is our number one national university for the third year in a row, a testament to its commitment to educating an economically diverse student body while supporting world-class research. Six of our top 20 universities hail from the UC system.

This has been true ever since the Monthly started compiling its list, and the UC did especially well this year. And it kills me to read it. Not because the University of California earns such high scores, but because it’s doing it by living off its past glory. In the past, the UC was well funded and offered a top notch education that was affordable for practically anyone. The usual way to describe it was as a “jewel.” But that was decades ago. These days, it’s underfunded, not highly valued either by legislators or voters, less and less competitive at hiring the best faculty, and increasingly expensive. The fact that it still does so well in the Monthly’s ranking is a testament both to inertia and to the fact that public higher education is declining in the rest of the country too.

But that won’t last forever. The UC is still pretty good, but that’s only because it takes a long time for a great institution to crumble. It’s just damn sad to watch it.

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WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

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Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

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