From AP - News Headlines -

UI Trustees Approve 9.5% Tuition Hike, New President’s Salary

The University of Illinois' Board of Trustees has approved a $620,000 salary for the school's new president, and a 9.5% increase in tuition. The board approved the measures on a voice vote Thursday afternoon. Earlier, protesters marched outside the board's meeting, demanding that new President Michael Hogan be paid only $450,000 annually. Hogan's salary is $170,000 more than that received by his predecessor, B. Joseph White.

On the tuition increase, Interim President Stanley Ikenberry says budget cuts and employee furloughs weren't enough to balance the budget. "But students also are going to need to share a portion of the load," said Ikenberry. "Asking them to share at basically an inflationary rate is, I think, a good balance policy that's fair to students and other groups within the university." For incoming students, tuition will go up $902 dollars per year to $10,386 at the Urbana campus, $792 a year to $9,134 at the Chicago campus, and $706 per year to $8,108 at the Springfield campus.

Ikenberry also said at the meeting that Hogan deserves the higher salary. Ikenberry says Hogan's salary puts him in the middle of the pay scale for Big Ten presidents. He says Hogan has "superb academic credentials.

Categories: Economics, Education