Will the annual mandatory systemwide undergraduate tuition and fees for the University of California cohort first enrolled in AY 2027–28 for the 2027–28 academic year be above $16,400?

If the the annual mandatory systemwide undergraduate tuition and fees for the University of California cohort first enrolled in AY 2027–28 for the 2027–28 academic year is above $16,400, then the market resolves to Yes. The Underlying is the sum of the annual Tuition amount and annual Student Services Fee amount listed for “UG Cohort First Enrolled in AY 2027–28” under “Mandatory Systemwide Charges: Annual” in the University of California Office of the President’s 2027–28 Tuition and Fee Levels document. For avoidance of doubt, the Value excludes Nonresident Supplemental Tuition, per-term charges, summer session charges, graduate tuition, Professional Degree Supplemental Tuition, campus fees, housing, meals, health insurance, books and supplies, transportation, personal expenses, financial aid, and all other cost-of-attendance items.