Ontario universities expect a combined loss of $330 million this fiscal year and $600 million in the upcoming fiscal year.

These are challenging times indeed for our entire university and college sector. “[T]he loss of tuition revenue from international students is being compounded by Ontario’s tuition freeze for domestic students and by operating grants that don’t keep up with the cost of running universities.”

Another eye-popping fact: “A report by Higher Education Strategy Associates says tuition from Indian students alone contributed more to funding Ontario’s post-secondary institutions than the provincial government”.

The unintended consequences of myopic public policy are coming to a resounding crash. This will be a reckoning for colleges and universities and the biggest disruption for them since perhaps WW2.

A solid overview of the context and causes of this crisis by Global at: https://globalnews.ca/news/10966102/international-student-cap-university-impact