Canadian colleges and universities are grappling with a financial crisis following a 35% reduction in international student permits by the Canadian government. Institutions are responding with layoffs, hiring freezes, and service reductions as they struggle to fill the revenue gap created by the decreased number of international students, who pay significantly higher tuition than domestic students.
OTTAWA — Canadian colleges and universities are responding to a cash crunch brought on by Ottawa’s cut to international student permits with layoffs, hiring freezes and service reductions, say people in the post-secondary education sector.
“It’s had a profound negative effect on the sector at a time when Ontario universities are facing significant financial challenges,” Orsini said. Tuition rates vary across the country but international students consistently pay significantly more than domestic students. Immigration Minister Marc Miller said the international student system was set up to attract talent to fill key roles in the labour market, but he had to make the cut because the program got “overheated.”
B.C. announced a 24 per cent increase for post-secondary institutions in that province’s 2024/25 budget, bringing the total to $3.12 billion. Orsini said that with Ontario’s stability funding expiring in a little over two years, and the tuition freeze remaining in place for roughly the same amount of time, more cuts are expected.
INTERNATIONAL STUDENTS FUNDING CRISIS HIGHER EDUCATION TUITION FEES GOVERNMENT POLICY
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