University of Illinois President Tim Killeen announced a proposal Wednesday that would provide a minimum of $170 million in annual financial aid over five years to keep talented Illinois high school graduates in the state for college and stem a growing outflow of students to out-of-state schools.

The Invest in Illinoisans, or Triple I program, will be introduced Thursday as an amendment to the proposed U of I Investment, Performance, and Accountability Commitment (IPAC), a measure pending in the legislature that would provide predictable funding for university operations over the next five years in exchange for tangible performance goals that serve the needs of the state.

Read the news release