Saddled with COVID debt, Illinois public universities plea for relief
February 11, 2021
It has been almost a year since the beginning of the pandemic and 10 months since the university began to receive support relief from the federal and state governments. Over these months, with football and basketball games canceled, residential housing capacity reduced, and a reduction in student fees, the fiscal impact caused by the pandemic is well over $225 million for UIUC.
With such a financial impact over these past few months, nine presidents of Illinois public universities have signed a letter seeking additional relief.
Soon after the pandemic began, many students faced financial hardships and no longer had access to the university’s support including Amartya Shah, sophomore in LAS.
“This pandemic affected me a lot financially during the early months as I had to adjust to online classes. As my parents also struggled quite some time with their jobs and as bills quickly came, it took a toll on me,” Shah said.
Shah wasn’t the only one who needed financial help as 12,448 students in UIUC were given emergency Dean’s funding ranging from $1.000 to $2,000.
“This aid came from a combination of federal funding from the CARES act along with institutional aid to provide support to students,” said Paul Weinberger, Director of Federal Relations. “The total amount awarded was $15,724,089 (from federal aid) and $3,576,930 (institutional aid).”
As a whole, the financial impact on Illinois public universities has been over $533 million with UIUC comprising over half of this total amount. By the end of the spring semester, Illinois public universities expect the financial burden to grow to be over $819 million.
The University has over $2.35 billion in reserves in the form of endowment funds. About 98% of this total has restrictions imposed on it, said Weinberger. Just recently, however, the CRRSAA bill was passed giving $44.6 million to UIUC. $15.7 million of this was set aside for students and UIUC is currently awaiting guidance from the U.S Department of Education on just exactly how funds will be distributed.
The presidents of over nine Illinois public campuses are supporting the American Council Council on Education request asking for over $123 billion to support emergency funding for public universities along with research programs. About $97 billion will be allocated to emergency funding and $26 billion will be set aside for research grants and funding.