Section 4 of the Housing contract:
RELEASE PROVISIONS: Beginning May 2 for fall semester and December 1 for a Residence Hall Contract beginning spring semester, the Student will be
released from this Contract only for one of the following reasons: (See Section 5 concerning advance payment forfeiture.)
a. Not attending the University.
b. Marriage, if living with spouse in the community.
c. Significant unforeseen health reason occurring after the Contract cancellation deadline. A request for release for this reason must be documented by the Student,
reviewed and approved.
d. Participation in Study Abroad, Co-Op, Internship Program, or Student Teaching out of the Champaign-Urbana area.
e. If a, b, c, or d, above is not applicable and the Student with a room-only Contract desires release from the Contract, such release will be granted upon payment of $1,000 prorated for the weeks remaining in the academic year, plus full charges through the week of cancellation, with credit for the remaining weeks as explained in section 6b.
If you want to take a closer look, here's the URL:
http://www.housing.uiuc.edu/online/fineprint/grad_packet.pdf
From what I've found, it looks like its *up to* $2000, meaning everything after the $100 deposit seems discretionary. Good luck!