University of Illinois President Tim Killeen says now the state has a budget the school can officially launch an initiative aimed at recruiting top faculty.
The three-year, $60 million program was announced in May.
The university system said Thursday that the system’s universities in Urbana-Champaign, Chicago and Springfield now can make proposals for money to recruit professors.
The objective is to bring in tenured, high-achieving faculty in a broad range of academic disciplines.
The plan is called the President’s Distinguished Faculty Recruitment Program. Under the program, $10 million would be committed from the university system to recruitment efforts each year, matched by each of the three campuses.
The goal is to hire 10 to 15 new faculty members each year, or 45 over three years.
This story appeared in The State Journal-Register on September 7, 2017.
Read the entire article online.
Showing posts with label Budget. Show all posts
Showing posts with label Budget. Show all posts
Monday, September 11, 2017
Wednesday, July 26, 2017
U of I's credit rating moves from negative to stable
S & P upgraded the University of Illinois's credit rating from "negative" to "stable."
The entire U of I system is now no longer at risk of being downgraded any further.
They did receive at least one downgrade during the budget impasse, any diminishment of credit rating results in a higher cost of debt for the university.
Despite a 10 percent cut in funding, the certainty of a budget will help the university and it's students thrive.
"What it does is give in-state tuition to students in Illinois, predictability because they were getting worried,” said Dean Ron McNeil, with the University of Illinois Springfield College of Business and Management.
U of I and Illinois State University have the highest credit ratings in Illinois.
This story aired on Fox Illinois on July 25, 2017.
Read the entire story online.
They did receive at least one downgrade during the budget impasse, any diminishment of credit rating results in a higher cost of debt for the university.
Despite a 10 percent cut in funding, the certainty of a budget will help the university and it's students thrive.
"What it does is give in-state tuition to students in Illinois, predictability because they were getting worried,” said Dean Ron McNeil, with the University of Illinois Springfield College of Business and Management.
U of I and Illinois State University have the highest credit ratings in Illinois.
This story aired on Fox Illinois on July 25, 2017.
Read the entire story online.
Tuesday, July 11, 2017
Letter: Thanks to legislators who supported state budget
The following is a letter to the editor written by University of Illinois Springfield Chancellor Susan Koch:
"Over the past few days, Illinois state legislators came together to end a historic and deeply damaging budget impasse.
All of public higher education, including the University of Illinois Springfield, breathed a collective sigh of relief. Though funding in the coming year represents a 10 percent reduction from the UI’s fiscal year 2015 appropriation, this budget will enable UIS to continue to deliver on its promise of an exceptional, personalized university experience for students.
In addition, continuation of the Monetary Award Program will provide financial aid that makes college possible for more than 700 students at UIS.
Just as importantly, this state appropriation will enable UIS to continue its forward trajectory — graduating students who will contribute to their professions and their communities.
I am deeply grateful to the Illinois legislators who voted to support ending the impasse. On behalf of the entire UIS community, my sincere thanks to state Reps. Sue Scherer and Sara Wojcicki Jimenez, along with Sen. Andy Manar, our area legislators who voted to support the bill. We know this is a step in the right direction to restore long-term stability for higher education in our state.
UIS is a vital resource in Sangamon County, with a total economic impact each year of about $176.8 million. With continued support from the state, the university will remain a vital resource for many years to come.
My sincere thanks, again, to the legislators who understand that supporting higher education is essential for the future of our state."
This letter appeared in The State Journal-Register on July 11, 2017.
Read the letter online.
"Over the past few days, Illinois state legislators came together to end a historic and deeply damaging budget impasse.
All of public higher education, including the University of Illinois Springfield, breathed a collective sigh of relief. Though funding in the coming year represents a 10 percent reduction from the UI’s fiscal year 2015 appropriation, this budget will enable UIS to continue to deliver on its promise of an exceptional, personalized university experience for students.
In addition, continuation of the Monetary Award Program will provide financial aid that makes college possible for more than 700 students at UIS.
Just as importantly, this state appropriation will enable UIS to continue its forward trajectory — graduating students who will contribute to their professions and their communities.
I am deeply grateful to the Illinois legislators who voted to support ending the impasse. On behalf of the entire UIS community, my sincere thanks to state Reps. Sue Scherer and Sara Wojcicki Jimenez, along with Sen. Andy Manar, our area legislators who voted to support the bill. We know this is a step in the right direction to restore long-term stability for higher education in our state.
UIS is a vital resource in Sangamon County, with a total economic impact each year of about $176.8 million. With continued support from the state, the university will remain a vital resource for many years to come.
My sincere thanks, again, to the legislators who understand that supporting higher education is essential for the future of our state."
This letter appeared in The State Journal-Register on July 11, 2017.
Read the letter online.
Tuesday, December 15, 2015
No money, mo' problems
Thousands of college students in Illinois are starting to feel the effects of the budget impasse that has left many state government agencies with limited funding. Included in that group is the Illinois Student Assistance Commission, which distributes MAP grants to help college students.
At the University of Illinois Springfield, the administration applied the MAP grants to students’ accounts and has made a commitment to also apply funds for the spring semester, said Carolyn Schloemann, acting director of the Office of Financial Assistance at UIS.
“Our students, at this time, are not feeling any adverse consequences to the fact that the budget hasn’t been passed,” she said.
So far, UIS has done what they do with the MAP grants every year. Money is applied to eligible students’ financial aid accounts at the beginning of the semester. Then, in October, the school begins billing the state for what they paid out for the fall semester; billing would continue until the deadline in December. Finally, in late December or early January, the state would begin reimbursing the school.
Except this year, they aren’t expecting any money from the state.
“That’s the different piece now,” Schloemann said.
UIS is seeing the budget impasse affect them in other ways, said UIS spokesman Derek Schnapp. UIS has limited spending, and hiring for vacant positions has temporarily stopped. Additionally, a new public safety building has been put on hold.
The story was reported by The State Journal-Register's Voice Section on December 15, 2015.
Read the article online.
At the University of Illinois Springfield, the administration applied the MAP grants to students’ accounts and has made a commitment to also apply funds for the spring semester, said Carolyn Schloemann, acting director of the Office of Financial Assistance at UIS.
“Our students, at this time, are not feeling any adverse consequences to the fact that the budget hasn’t been passed,” she said.
So far, UIS has done what they do with the MAP grants every year. Money is applied to eligible students’ financial aid accounts at the beginning of the semester. Then, in October, the school begins billing the state for what they paid out for the fall semester; billing would continue until the deadline in December. Finally, in late December or early January, the state would begin reimbursing the school.
Except this year, they aren’t expecting any money from the state.
“That’s the different piece now,” Schloemann said.
UIS is seeing the budget impasse affect them in other ways, said UIS spokesman Derek Schnapp. UIS has limited spending, and hiring for vacant positions has temporarily stopped. Additionally, a new public safety building has been put on hold.
The story was reported by The State Journal-Register's Voice Section on December 15, 2015.
Read the article online.
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