The Chicago Tribune reports:
University of Illinois officials said Wednesday that they may need to boost financial aid because state students are increasingly choosing to go elsewhere for college.
Additional financial aid funding could come from increasing student enrollment in programs that charge more for tuition, such as the College of Engineering, or from increasing the number of higher-paying international students, said Christophe Pierre, the university's vice president for academic affairs.
There's more:
the percentage of admitted students who decide to enroll — has been declining for the past two years. In 2006, about 58 percent of Illinois students offered admission to the Urbana-Champaign's freshman class decided to enroll. By last fall it had dropped to 45 percent, university data show.
The campus now enrolls about 1,000 fewer Illinois freshmen than it did a decade ago, while the number of international students has skyrocketed.
Why is this news? According to the Wall Street Journal, University of Illinois is number
three " whose graduates were the top-rated by recruiters "in corporate America ! This isn't No Name University. The higher education bubble really is
here. In economics this is called price elasticity. We suspect majoring in Oppression Studies is becoming a more difficult sell.
