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Finance in higher Education(State Report:Illinois State ) - Research Paper Example

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Summary
While Illinois once enjoyed a high rate of college graduation, enrollment, and affordability when compared to the rest of the country, a disturbing trend appears to be happening today. During the 21st century, there has been a consistent and substantial decline in performance…
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Finance in higher Education(State Report:Illinois State )
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Finance in higher Education(State Report:Illinois State )

Download file to see previous pages... g of the higher educational system in Illinois is a result of requests by each respective university or college, recommendations by the Illinois Board of Higher Education, the governor, availability of revenue, and legislative priorities.
In recent years, the amount of money directed to students has decreased in deference to the State Universities Retirement System (SURS). In 2012, 12% of funds were directed to SURS, rather than to students.
In a recent study, it was found that there was only an additional $200,000 increase in funding across all institutions compared to the previous. While reflects less than a 3% increase, Illinois actually fares better in this area than all but five other states (Reindl, 2004, p. 35)
According to Rogers (2012), “The Illinois Board of Higher Education will vote on the performance-based funding proposal to pool 0.5 percent of public university budgets and reallocate them based on the level of achievement in terms of certain metrics” (para. ...Download file to see next pagesRead More
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