‘Higher Ed Is Facing A Cliff’: After Years Of Disinvestment, Illinois Public Universities Bracing For More COVID-19 Damage – WBEZ (Chicago)

"Absent more federal aid, Governor JB Pritzker’s threat of 5% to 10% across-the-board budget cuts could be disastrous for some public universities...Reduced funding is especially concerning for the public universities that have fewer revenue streams and depend more on state funding. Those are often the schools that educate more low-income and first-generation students."
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Poor Taxpayer
5 years ago

Unlimited student loans are one of the reasons costs are going up so high.
Almost all the money the state gives to the U of I goes to cover pensions.
Land and buildings were paid for generations ago.
Follow the money and you will see where the problem is.
Educations costs have exploded in the last 20 years far higher than they rate of inflation.

Governor of Alderaan
5 years ago

If higher ed needs more money they should reduce their massive diversity bureaucracy. Stop paying 7 figure salaries to Assistant Deans to the Vice Chancellor for Diversity

nixit
5 years ago

“Two decades of declining state appropriations”. Bull. SURS consumes all additional state funding. Twenty years ago, state university pension contributions were a quarter billion dollars. Today, it’s approaching $2 billion. You bookworms want a pension or not?

NoHope4Illinois
5 years ago

The UIUC now has +40% of it’s students from out of state. Many states limit the number of out of state students, e.g. UNC Chapel Hill is limited to a maximum of 10% from out of state – the thinking being in-state students should get those seats.

Since UIUC has been so successful getting out of state students, they should increase the out of state tuition dramatically if they need more revenue.

NB-Chicago
5 years ago

Does UIUC still have thier insurance policy against drop in wealthy chinese students?

Governor of Alderaan
5 years ago

The graduates of union-run public schools in Illinois are not qualified to get into UIUC

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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