Illinois Lawmakers Pass $600M Aid for Struggling Colleges

April 25, 2016
  • Industry News

Illinois' college and universities received a much-needed lifeline Friday when lawmakers approved a $600 million short-term funding fix for the institutions, which have been struggling without state funding during the monthslong budget stalemate, even laying off employees.

Republican Gov. Bruce Rauner is expected to sign the bill, which is a one-time deal and includes nearly $170 million in tuition grants for low-income students. But state Comptroller Leslie Munger said she wouldn't wait for the Republican's signature, instead immediately begin processing payments for schools. The rare bipartisan deal comes at an especially crucial time for Chicago State University, which has been on the verge of closing its doors.

"By passing this bipartisan agreement, lawmakers in both chambers put aside political differences to provide emergency assistance for higher education, ensuring universities and community colleges remain open and low-income students can pay for school," Rauner spokeswoman Catherine Kelly said in a statement. "We are hopeful the General Assembly will build on this bipartisan momentum in the weeks ahead as we negotiate a balanced budget with reform for Fiscal Years 2016 and 2017."

Read more at The Associated Press: http://bigstory.ap.org/article/3f203650d9a042218b815499dceaa4fa/illinois-lawmakers-pass-600m-struggling-colleges