The $400,000 exit bonus being given to outgoing University of Illinois Urbana-Champaign Chancellor Phyllis Wise is raising eyebrows.
Wise, who abruptly announced her resignation on Thursday over "external issues" that are "diverting much needed energy and attention from our goals" at the school, will be stepping down August 12 after four years as chancellor. Under Wise's contract, she would have been eligible for a $500,000 retention bonus after serving five years.
An agreement as part of Wise's resignation will allow her to receive "a prorated $400,000 of the retention compensation," according to the university.
State Sen. Tom Cullerton (D-Villa Park) is at least one person blasting the payment.
"In three years, my wife and I will be sending our oldest son to college. His tuition dollars should be used toward paying for his college education, not filling the pockets of overpaid administrators," he said. "These types of actions make families reconsider sending their children to Illinois' public community colleges and universities.
"The state funds higher education to educate our students, not to pay administrators for quitting their job," Cullerton added. "We have seen enough. This type of abuse illustrates what is wrong with our higher education systems. College administrators should be looking for ways to make college affordable for our children, not finding ways to collect a paycheck at the expense of their future."