The university, which has campuses in Nanaimo, Parksville, Powell River and Duncan, blames declining revenues in part on flat enrolment numbers
A projected $20.2-million deficit has prompted Vancouver Island University to create a three-year mitigation plan that would see VIU return to a balanced budget by the end of the 2026-27 fiscal year.The pandemic resulted in increased costs to deliver student services for fewer students, the university said in a statement.
The university is considering reducing operating hours, instituting seasonal closures of its satellite campuses, and raising the costs of student housing and on-campus food services, according to a university spokesperson. The faculty association said in a statement a 10 per cent reduction would mean cutting $10 million from university academic units.
A university spokesperson said while data from the university registrar currently shows higher-than-projected student numbers for the fall semester, real student enrolment has gone down.
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