House Bill 2512 will shed light on the high sticker price of college tuition
Springfield…..House Bill 2512, sponsored by Representative Deanne M. Mazzochi (R-Elmhurst), targets the high sticker price of college tuition and is designed to shine light on the murky web of financial aid grants, tuition waivers and exchanges that hide the potential discounts and conceal the true cost of a college education at Illinois’ four-year public intuitions.
Mazzochi explained she moved this bill forward because “[p]arents and students alike are not getting the full picture on the availability of financial aid from our universities. Some universities issue thousands of fancy brochures to prospective students implying they make available an endless pot of financial aid, tuition waivers, and grants for students in need. But when financial aid letters arrive, they offer nothing meaningful. Others inflate their tuition to offer large discounts to give the illusion students are getting a great deal even though they aren’t. Both practices hurt our students in the long run.”
HB 2512 requires state universities to disclose not just how much aid they offer, but how they distribute it to degree-seeking students. Mazzochi who previously served as the Chairman of the College of DuPage, emphasized that students need a more accurate picture of the true cost of education at the time they make their college commitments. “We don’t want students to mistakenly take on loans that will drive them into debt for decades. I am committed to finding ways to make all post-secondary education programs more affordable. Parents in our district want to get the most value for their investment in their children’s education. This is one of many initiatives I have spearheaded in the general assembly to achieve that.”
House Bill 2512 is a change that will more accurately reflect true costs of education, and increase the amount of applicants to Illinois universities. It now moves to the State Senate for consideration.