OGLESBY — There will be no tuition increase at Illinois Valley Community College in 2019-20, the board’s audit finance committee learned recently.
“There won’t be many community colleges in the state who will make that statement,” IVCC President Jerry Corcoran said.
IVCC will freeze tuition at $133 per credit hour for the summer, fall and spring semesters, Cheryl Roelfsema, vice president for Business Services and Finance, said as part of her report on the three-year financial plan.
The administration will seek the approval of the full board on Feb. 14.
IVCC’s $133 rate compares to a “peer average” (for community colleges of similar size, location and resources) of $141.25 and a state average of $144.36.
Roelfsema said IVCC is hopeful that keeping costs down along with the addition of new programs in agriculture, cybersecurity and medical assistant will help enrollment.
“Our plan is optimistic about enrollment growth and cautious on state funding,” she said.
While the college awaits Gov. J.B. Pritzker’s February budget address, it expects state funding to maintain current levels.
Property tax income is expected to increase 1.5 percent per year, Roelfsema said, while noting Exelon Generating Station’s 2019 assessment will increase from $435 million to $460 million.
In a memo to Corcoran, Roelfsema said in summary: “The struggle to maintain enrollments is the highest priority. Over the next three years, it will be important to match personnel with enrollments. New programs will be considered and current programs evaluated for viability.”
In other business, audit finance approved bringing to the full board:
• The administration’s recommendation to change 86 course fees: 62 increases, 2 new courses, 15 decreases and the assignment of fees to 7 existing courses.
• Transfer of $450,000 to a Capital Development Board trust account for the building of an agriculture program storage building where the dairy barn once stood. Corcoran said the building design will require IVCC board approval before it can proceed.