100% implied tax rate - does this make sense?

<p>

[Free</a> Money for College, Grant Money for College, College Grant - About Cal Grants](<a href=“http://www.calgrants.org/index.cfm?navId=10&]Free”>http://www.calgrants.org/index.cfm?navId=10&)</p>

<p>$9,700 per year. There are quite a few public colleges and universities in CA.</p>

<p>

</p>

<p>Here you go:</p>

<p>

[UC</a> president recommends huge tuition increases](<a href=“http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/09/11/MNAB19L7Q9.DTL]UC”>http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2009/09/11/MNAB19L7Q9.DTL)</p>