From WILL - News Headlines -

University of Illinois Officials Investigating New Revenue Options

University of Illinois officials on the Urbana campus are moving forward with a series of revenue-generating measures after studying a Stewarding Excellence @ Illinois report released last spring.

The report proposes a host of options to improve the university's financial standing, including raising overall enrollment so that more out-of-state students who pay higher tuition can be admitted. University spokeswoman Robin Kaler noted that the U of I will tread carefully in its efforts to boost revenue by looking at how doing something accepting more students could affect the university's commitment to quality education.

"If you cannot maintain the quality, there's absolutely no reason to do something like that," she said. "Every decision we make about what to implement, what not to implement will have that consideration first."

The Stewarding Excellence report also suggested setting up a system in which every faculty member would be required to submit their teaching, research, and public engagement contributions in an annual report that would be factored into the evaluation of promotion and tenure.

"It just seems unwise to tie any kind of financial metrics based on instruction, or other revenue generating activities into the academic evaluation system," she said.

University of Illinois Interim Vice President and Chancellor Robert Easter said he encourages different departments on campus to find research areas where they can collaborate, and work to develop grant-funded research professorships.

Easter also said the U of I will create a faculty-led commission to explore other income-producing activities like professional development training programs and partnerships with academic institutions in other countries.

Categories: Economics, Education