Open your wallets, students (and parents).
On the same day University of Illinois officials announced an increase in housing costs, they also cautioned that the next tuition increase could see a double-digit percentage increase.
Trustees voted Thursday to raise the cost of room and board at the flagship campus in Urbana-Champaign by 4.6 percent to $9,086, starting this summer.
Trustees also voted to increase undergraduate fees in Urbana-Champaign by 2.8 percent to $2,842. Fees in Chicago will go up 1.3 percent to $2,928 and Springfield fees will increase 6.4 percent to $1,714.
The annual fees pay for student health services, career counseling facilities repair and other services.
Tuition is guaranteed for four years, with the next proposal coming up for a vote later this year.
Interim president Stanley Ikenberry said tuition would increase at least nine percent but "could go double that." Phased over a four-year period, a 9 percent hike would equate to an increase of about 3 to 3.5 percent a year. An 18 percent hike would be about 7 to 7.5 percent a year.
Tuition is $9,484 this year for freshman at Urbana-Champaign.