SPRINGFIELD, Ill. – With college and university tuition costs reaching historical highs, state Rep. Maura Hirschauer, D-Batavia, is sponsoring a bill that would require Illinois colleges and universities to disclose their historical and current cost of attendance so prospective students and families can make better informed decisions about their college of choice.
“The more information we can arm Illinois families with while they are making these important financial and education decisions, the better,” said Hirschauer. “This measure will benefit high school students applying for college, parents who want to realistically budget, and ultimately foster transparency and empower students to make the best decisions based on their financial situation.”
Senate Bill 1376 states all Illinois public and private colleges and universities must post their cost of attendance on their website for the past 10 academic years and each year going forward. By promoting this tuition transparency, prospective students and families can easily compare institutions and understand price trends, in which historical data can help track how financial aid may impact overall cost of attendance.
“As costs of attendance climb to new heights each year, it’s extremely important students and families have the tools available to navigate an already stressful process,” said Hirschauer.
Senate Bill 1376 passed favorably out of the Senate Chamber and awaits a final House floor vote, expected later this month.