U of I officials say new medical school could be viable without state funding

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URBANA - According to University of Illinois officials, a proposed medical school on the Urbana-Champaign campus could be financially viable without state funding.

On Thursday, University Chancellor Phyllis Wise said a new financial plan shows the school could be funded without state aid through a commitment of $135 million from donors and more than $100 million from the Carle health care system.  The financial plan would run through the 2024 school year.

Wise says the plan will be presented to the university Board of Trustees' health care system committee on Monday.

Under the plan, fundraising and hiring for the proposed medical school would begin next year, with the school's first 25 students enrolling in 2017.  The medical school would be run by the local Carle hospital and the University of Illinois.
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