HB5037

Illinois HB5037 mandates a study on higher education funding and requires a 10-year plan to ensure affordability and sustainability.

Illinois HB5037, the Fixing Illinois Higher Education Funding Act, directs the Board of Higher Education to study the cost drivers of State universities. The study will consider how funds are spent, alignment with market needs, and the affordability of higher education. The Board must develop a 10-year plan to ensure funding supports education outcomes, assess affordability, and align funding with student enrollment and workforce preparation. The report, including the 10-year plan, must be submitted to the Governor and the General Assembly by March 31, 2027.