public universities

Moody's Investors Service has placed six Illinois public universities on review for downgrade, impacting a total of approximately $2.2 billion of public university debt. According to a release issued by the company, the review is prompted by  "failure of the State of Illinois to enact a budget providing full operating funding to the universities for the current fiscal year 2017 and resulting operational and liquidity strains on the universities."

State Senator Suggests Public Universities Should Privatize

Mar 24, 2015
senate.gop

Less regulation and more freedom to make decisions -- these are among the things State Sen. Bill Brady says public universities would gain in Illinois if his bill to privatize them becomes law.

The Bloomington Republican introduced a bill asking the six public institutions to plan for a six-year evolution to privatization.

He says campuses already have been coping with falling state support for years. But Brady resists the suggestion his measure could accelerate the slide.

illinois.gov

More than 150,000 college students were left without financial help this spring when Illinois ran out of money for MAP Grants. For some students, MAP Grants are the only thing keeping them in school.