By: Diane Benjamin
The President of Northern Illinois University is just the latest to step down amid allegations of scandal. The bigger scandal is what the Board is planning on paying him to leave! Details of that soon. Remember when ISU paid Tim Flanagan to leave – the day before he got arrested?
The Illinois Policy Institute wrote this report after Moody’s downgraded 7 Illinois Universities: https://www.illinoispolicy.org/moodys-downgrades-7-illinois-universities-5-are-junk/
The lack of a State budget has little to do with why universities are in financial trouble. In 10 years ISU raised tuition 93% to cover the exploding costs of administrators. Educating students appears to be an afterthought.
Quote from the article:
But total state funding to higher education has increased by more than 60 percent over the last decade, growing to over $4.1 billion in 2015 from $2.5 billion in 2006. Unfortunately, a majority of that money has gone toward administrative salaries and retirement costs, not classroom instruction.
The article claims Illinois lost 150,000 students to other states since 2000. Look at the salaries and pensions listed in the story. It’s not hard to see why.
Illinois is due for a huge reset. Medicaid will be cut to pay for pensions since the courts have ruled pensions can’t be cut.