"The province announced billions in new funding for Ontario's colleges and universities Thursday, along with the end of a years-long tuition freeze and changes to the Ontario Student Assistance Program grant structure. Ontario's Colleges and Universities Minister Nolan Quinn said the historic $6.4-billion funding model to be paid out over the next four years will help institutions provide competitive programs, high standards of education and be resilient to growing demands in the future, he said."
"The announcement comes in response to a post-secondary financial crisis, following years of low levels of government funding, stagnant tuition levels and a sharp reduction in the number of international students. Quinn said the federal government's international student policy change in 2024 created unprecedented instability in the post-secondary sector, along with growing pressure to continue providing high quality education. But this announcement is just window dressing, said Liberal education critic John Fraser, and comes too late"
Ontario announced a $6.4-billion funding model to be paid over four years for colleges and universities. The funding aims to support competitive programs, maintain high education standards and increase resilience to growing demand. The plan ends a years-long tuition freeze and changes the Ontario Student Assistance Program grant structure. The funding responds to a post-secondary financial crisis driven by years of low government funding, stagnant tuition and a sharp reduction in international students after federal policy changes in 2024. Critics argue the funding is insufficient and arrives after program cuts and nearly 10,000 staff layoffs. Postsecondary associations faced pressure to accept the changes to protect students and programming.
Read at www.cbc.ca
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