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University of Illinois expecting $167-million pandemic impact

University of Illinois expecting $167-million pandemic impact

URBANA, Ill. (The News-Gazette) — 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.”