University of Illinois may increase spending on financial aid
CHAMPAIGN - A top University of Illinois administrator says that the school may need to increase its spending on financial aid due to growing numbers of students deciding to go elsewhere because of rising costs.
According to university spokesman Tom Hardy, during a board of trustees committee meeting on Wednesday Vice President for Academic Affairs Christopher Pierre said the money could come from adding higher-paying international students at the Chicago campus or from increasing enrollment in higher-tuition programs.
Hardy also says students who are accepted to the University of Illinois but decide not to enroll often cite costs as the reason. Those students may get better aid packages from other public or private schools.
One year of tuition at the Urbana-Champaign campus costs $12,036, with four years of tuition, room and board costing over $100,000.