3/17/2017 1:07:00 PM UI aid would support in-state students
SPRINGFIELD, Ill. (AP) — The University of Illinois would reserve 85 percent of financial aid for Illinois residents as part of a proposed five-year state funding agreement being considered in the Legislature.
Legislators introduced the financial aid measure Thursday as an amendment to the pending Investment, Performance and Accountability Commitment funding legislation. The legislation would give the university predictable funding in exchange for meeting benchmarks. University President Tim Killeen on Wednesday called the “Invest in Illinois” measure an effort to keep Illinois high school graduates in state for college and stem a growing loss of students to out-of-state schools. Killeen said the university would commit at least $170 million a year for the next five years to students from Illinois.