The UC Regents voted to raise student tuition by 9.3 percent, while agreeing to hire several new top administrators at eye-popping wages. According to the Chron, the tuition hike is the sixth in the last seven years and will raise basic undergraduate student fees in the public university system to $7,788, thereby forcing students to go farther into debt to obtain their degrees. At the same time, the regents made a series of expensive hires, including appointing new chancellors at UC San Francisco and UC Davis at annual salaries of $450,000 and $400,000, respectively. The new administrators' salaries represent increases of 12 percent and 27 percent over their predecessors. In total, the moves provide a microcosm of what's wrong with the UC system: Students are going deeper into debt so that administrators can live in the lap of luxury.