Eastern Illinois University

Moody’s downgrades 7 Illinois universities, 5 are junk

By Ted Dabrowski, John Klingner
06/13/2017
Illinois universities have hiked tuition and relied on state subsidies to pay for exorbitant administrative salaries — and now credit rating agencies are punishing them for that destructive behavior.

TAGS: budget, credit rating, CSU: Chicago State University, EIU: Eastern Illinois University, higher education, Illinois Board of Higher Education, Moody's Investor Service, NIU: Northeastern Illinois University, University of Illinois, University of Illinois at Urbana-Champaign, WIU: Western Illinois University

Pancakes, snow cones and robot dragons

12/21/2011
by Amanda Griffin-Johnson Earlier this week, U.S. Sen. Tom Coburn, R-Okla., released Wastebook 2011, a report covering 100 examples of wasteful government spending. The examples range from millions of dollars to just a few thousand dollars, but all highlight how government uses taxpayer money to fund unnecessary projects, often not relating at all the to core purposes...

Keeping up with the Borrowing Fad

06/23/2010
by Ashley Muchow Eastern Illinois University will borrow up to $7 million to cover university expenses up to August as it eagerly anticipates $19 million in overdue state appropriations.  Early this month Governor Quinn signed into law an amendment to Senate Bill 0642 allowing Illinois’s nine public universities to take out loans to cover three quarters of what the...