The California State University system approved a 6% annual tuition hike over the next five years, a move that’s expected to raise some $148 million dollars for the cash-strapped system. Students and the faculty union were quick to slam the move, noting that the system’s incoming chancellor will make over $1 million a year. The tuition hike will amount to a $1,940 increase between now and 2028, bringing full-time undergraduate tuition to $7,682.