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Price Hike At U of I

If you want your child to go to college at the University of Illinois, you might want to start saving before they are born.

Recently approved tuition hikes of 1.7% mean that four years of college on the flagship campus will top $100,000 for many students.

Fees and housing costs are also going up.

A university spokesperson says the increases are in line with inflation.

The school will also be making adjustments to employee pension plans to accommodate less money from the state.

Some of that increased tuition will help to pay for a contract extension for U of I Athletic Director Mike Thomas.

His salary is being raised to $554-thousand.