U of I Trustees Debate Tuition Hike

State owes school $464 million in payments

By Adriana Correa
|  Thursday, May 20, 2010  |  Updated 3:21 PM CDT
View Comments (
2010 Illinois Election Guide

Getty Images

A typical college classroom.

Photos and Videos
More Photos and Videos

The University of Illinois is in a budget hole with just one means for climbing out: hike rates.

That's just what they're going to do.

Trustees who oversee the University of Illinois' three campuses are expected to approve a sharp increase in tuition for new students.

At a meeting Thursday in Chicago they will consider a 9.5 percent increase as a way of raising money.

The tuition hike is necessary because the state of Illinois owes the university nearly $464 million in payments. The government says it can't pay because of a $13 billion budget deficit.

If approved the increase would push tuition for new students to $10,386 a year at the Urbana-Champaign campus, $9,134 in Chicago and $8,108.50 in Springfield.

The 9.5 percent increase is markedly easier to swallow than a proposed 20-percent increase that was floated late last year, but still will affect pocketbooks.

At the meeting, trustees also will consider a contract that would pay new university President Michael Hogan $620,000 a year. Hogan recently announced that he would leave his post at University of Connecticut to take over the helm of U of I.

Get Breaking SMS Alerts: Be the first to know when news breaks, and when weather changes dramatically.
News: Text CHIBREAKING to 622669
Weather: Text CHIWEATHER to 622669

Get the latest headlines sent to your inbox!
View Comments (
Leave Comments
What's New
Get Our Weather App
Stay ahead of the storm with the NBC... Read more
Follow Us
Sign up to receive news and updates that matter to you.
Send Us Your Story Tips
Check Out