Over thirteen years, Illinois colleges and universities vastly increased the size of their payrolls, spent lavishly on salaries and benefits, and expended billions on construction, but have yet to see a measurable increase in students. Since 2000, enrollments are up just one third of one percent annually (4.28% total).
Here are some of our findings from the Land of Lincoln:
Student enrollment flat.
Enrollment was 542,450 (2000) and 566,198 (2012)- a slight .3367% average annual increase (1/3 of 1 percent per year). Source: OpenTheBooks.com
Binge Building boom.
Net assignable square footage was 14.756 million (2000) vs 18.144 million (2012) for community colleges and 37.176 million (2000) vs 45.085 million (2009, last year available) for universities - more than 6x the pace of enrollment. Sources: ICCBD
Read the rest of our Forbes editorial here: click here.
Stay tuned. OpenTheBooks.com has more cool stuff coming soon!