The university of california was charged, in 19 60 by the california master plan for higher education, with educating the top 12 and a half % of high school graduates. To day, there are ten university ofcalifornia campuses, four of which are in the top 25 of the us. News and world report ranking of best global universities. This quality begets funding. The u c system takes in billions of research dollars every year from the federal government. That's been an important way for the university to provide access to a lot of students who wouldoher not be able to enroll at a similar quality university. And that's because even east coast prestige has a hard time
America’s top colleges are facing record demand. So why don’t they increase supply? (Part 2 of “Freakonomics Radio Goes Back to School.”)