(110 ILCS 63/15)
Sec. 15.
Tuition statements.
Each year, using data from the preceding
fiscal year, public universities shall include as part of an undergraduate
student's tuition bill or other statement of tuition charges or as a separate
attachment to the bill or charge the following statement:
For Fiscal Year ....., the General Assembly and the |
| Governor authorized the aggregate amount of $..... to be appropriated from the General Revenue Fund and the Education Assistance Fund for operation of the State's public universities. For Fiscal Year ....., each resident undergraduate full-time public university student received an average tuition subsidy of $..... from the State of Illinois, which was applied to offset the full cost of instruction.
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The average resident tuition subsidy rate from the State for each undergraduate
resident full-time public university student shall be determined annually by
the Illinois Board of Higher Education using the following formula: the
average total undergraduate instructional costs per full-time equivalent
undergraduate student at Illinois public universities minus the average
full-time undergraduate resident tuition
rate at Illinois public universities. For the purposes of this calculation, a
full time equivalent undergraduate student shall be represented by 30
undergraduate hours taken in a fiscal year.
The Illinois Board of Higher Education shall provide the calculation for the
average tuition subsidy for the preceding fiscal year to all public
universities by March 1 of each year.
(Source: P.A. 91-185, eff. 7-20-99.)
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