Colleges & Universities in Illinois
The Colleges and Universities industry in Illinois has experienced limited growth over the past five years. Government funding for Illinois universities has decreased substantially during the five-year period, particularly limiting the performance of public universities like the University of Illinois. At the same time, rising tuition costs and a declining unemployment rate have deterred many potential students from enrolling in industry institutions, constraining revenue from tuition fees. Over the next five years, demand for higher education in Illinois is expected to surge as substantial growth in the state's per capita disposable income is compounded by a projected increase in the Illinois unemployment rate, which will drive college-age individuals to continue their education instead of pursuing full-time employment.
This industry includes public, private nonprofit and private for-profit universities and colleges in Illinois that offer academic courses and grant degrees at baccalaureate or graduate levels. Instruction may be provided in educational institutions, the workplace or the home and through correspondence, internet or other means. This industry does not include community colleges or revenue generated through hospital affiliations.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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