Interim University of Illinois President Stanley Ikenberry now says the school could have to raise tuition for next year’s incoming students by as much as 20 percent to make up for missing state aid.
The state owes the university $487 million. That figure continues to grow as the state tries to figure out how to handle a growing budget deficit. The university is among agencies, school districts and other organizations around the state that aren’t getting paid.
Just a few weeks ago, Ikenberry said he anticipated tuition would need to be raised by about 9 percent. But he now says the situation has grown more dire.
Ikenberry says the school is also considering borrowing money.
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