Earlier quoted context omitted.
The UC system spends $120K/year per student, roughly 10x the tuition and fees a California resident will pay to attend. The UC system also has an absurdly high ratio of administrative staff to academic staff, and administrative staff to undergraduates. It has become something of a jobs program for the state of California, and is the third-largest employer of a state that is the 6th-largest economy in the world. Somet…
I don't know where your $120K/year per student figure comes from, but it seems highly misleading. The most recent figures I could find (AY 2012-2013) put the cost at $16,890. https://www.universityofcalifornia.edu/news/uc-educational-e... Research focussed universities like UC do of course spend a lot more on research, but those activities have their own dedicated funding streams, mostly Federal grants.
Their annual budget is pushing $30B, and their student population–expensive post-graduates included–clocks in at around a quarter million.
Those numbers have changed from year to year, but last I checked, their total expenditures came out to around $120K/student. Texas A&M by comparison is around $90K/student, with Harvard pushing $200K (their tuition is 5x what the UC system's is, for comparison).