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University of Illinois Expecting $167M Pandemic Impact

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URBANA — The University of Illinois System expects to sustain a financial hit of about $167 million this fiscal year because of the coronavirus pandemic that’s closed down its campuses.

Chief Financial Officer Avijit Ghosh told the school’s board of trustees during a Thursday virtual meeting that nearly $50 million of the projected financial impact comes from adjustments to student fees for housing, dining and other activities.

The News-Gazette reports that Ghosh says travel expenses are currently on hold and units of the university have also been instructed “to control spending on supplies and services and non-essential construction and capital investments.”

COVID-19 is a rapidly evolving story, and we are working hard to bring you the most up-to-date information. We recommend checking the Coronavirus Information Center for the most recent numbers and guidance.

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Associated Press

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