Skyrocketing College Costs in the Land of Lincoln
Due to a combination of factors, tuition at Illinois public universities has doubled over the past ten years. First, the well-documented pension fund crisis touched institutions of higher learning. In 2005, retirement funds accounted for 20% of the higher education budget; by last year, that proportion had escalated to 53%. As a result, schools have had to drastically increase tuition just to keep up with operating costs, fund modest improvements, and generally keep pace with other colleges. At the same...
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