Peoria Public Radio Staff
Wed March 27, 2013
ICC tuition to increase eight percent
Illinois Central College tuition is going up eight percent next school year. The ICC board of trustees approved the increase Wednesday. It raises the tuition rate about nine dollars per credit hour.
That mean's ICC will cost 115 dollars for one credit hour starting next fall.
Executive Vice President of Administration and Finance Bruce Budde says it’s the result of a decrease in state funding. He says the state has steadily diminished its financial contributions for the past decade. Budde says state funding used to account for more than 33 percent of the college’s total revenue. He says next year it’s projected to account for 13 percent. ICC’s Vice President of Finance says even with the tuition increases the college will need to cut operational costs by nearly $2 million.