UC Berkeley (creative commons)

The Sacramento Bee reports: "The size of the tuition hike would depend on how much the state contributes. For example, if the state boosts funding by 8 percent, the university would increase tuition by 8 percent. A 4-percent increase in state funding would lead to a 12-percent tuition hike."

The annual increases could raise tuition to as much as $22,068 for the 2015-2016 school year. Currently, California residents pay about $12,192 to attend a UC School, but room, board and campus fees can bring those costs to about $31,000, according to The L.A. Times.

Students have been faced with several fee increases recently--including a second just weeks before the beginning of the school year--as the UC system looks to make up for deeper than expected cuts to its budget because of the state's budget problems.

Still, despite dealing with budget problems, the San Jose Mercury News reported on Thursday that UC leaders voted to approve raises and bonuses for the university's top administrators.

The regents are expected to vote on the fee increase proposal until at least November, according to The L.A. Times.