activities abroad have been an opportunity for colleges to generate revenue, steele said. there are a number of questions that remain, including whether colleges can maintain their existing international activities or try to grow them organically.
“doug ford’s government has been encouraging them to do this,” he said. “it contradicts the assumptions i had about the government expecting colleges to be entrepreneurial.”
until there’s more clarity, it will be up to the colleges to figure out how to overcome shortfalls, including appealing to non-traditional students such as mature learners and micro-credentialling, steele said.
“i think we’ll see a lot of belt-tightening, which means a lot of labour disruption.”
according to the blue ribbon panel report on financial sustainability for the province’s postsecondary sector released last november, ontario’s funding per college student was $6,891 in 2021-22, about 44 per cent of the figure for the rest of canada.
colleges and universities have come to rely more and more on international student tuition fees to the point where the revenue from this source is fundamental to the sector’s financial sustainability. “this increased reliance raises the postsecondary institutions’ risk exposure,” the report said.