Canadian universities could lose up to $3.4 billion due to COVID-19: Statistics Canada

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The agency said Canadian student registration numbers could also drop this year

Tuition fees make up an increasingly large portion of university revenues, the agency said. In 2013-2014, tuition fees accounted for 24.7 per cent of school funding, while they made up 29.4 per cent in 2018-2019.Statistics Canada said the increase in the proportion of tuition fees was caused by a growing number of foreign students, who pay higher tuition — almost five times as much as Canadian citizens.This advertisement has not loaded yet, but your article continues below.

The agency based its projection on the number of study permits issued by Immigration, Refugees and Citizenship Canada, which corresponds to the number of foreign students in the country.

 

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Good. Breeding grounds for Leftists.

Well, there goes the foo foo cultural Marxist identity politics courses.

Don't worry Trudeau and his friend will pay up. 🤮

No worries, they will be getting a cheque soon from the government through back end channels

All the foreign should be able to stay in there home countries and do zoom classes and the schools can still charge for courses

Cut professors pay. Just a thought.

And

Trudaddy gonna cut these guy a. Chq

SouljeruvGod Time to cut a lot of useless programs from university social 'sciences' and arts departments.

Good, they perpetuate the same cancel culture poison that the progressive politicians and the MSM use to further their globalist agenda.

Does that mean that Professors will stop being overpaid?

Lol.... what a business ha...?

Crank up the humanities ! We need income .

Most of it to the psychology department, good riddance

Open up the economy and schools. 20 somethings are not susceptible to Covid. Look at the stats.

That’s awesome! They are a cesspool of politically left indoctrination.

Oh well, endowments are in the billions to dip in.

Always remember our great intellectual losses such as the library at Alexandria in 48 bce or 3.4 billion dollars in 2020.

they are not losing the money because of covid. they are losing the money because of the reaction to covid.

‘Could’ is THE word-this should have been reported when all the facts in-I’m so tired of reports with no definitive facts.

Universities will have some School loans to pay I guess; now they know how it feels.

Let's hope they go broke so they can rebuild and get rid of the cancerous radical extremist liberal fascist professors

Sure hope they won't put their hand in my pocket to bail them out. Their choice to rely on foreign students. Their problem.

That’s funny. My kids tuition was still 100% of what it was last year. Someone is BSing

Simple solution - fire all the 2 nd and 3 rd rate professors and lecturers. Replace with a set of videos from the top talent only. Supplemental materials too. Stop building & maintaining monuments, get top notch content out cheaply using internet. Most live lectures a waste.

I think you mean, due to globalist agenda

Millions & Billions & Bubbles & Circles! According to Latest 2nd Wave Numbers. 0.4036% of Ontario's Population has Tested Positive to Date (up from 0.3831%) That Leaves Only 99.5963% Having Not Tested Positive (down from 99.6168%) MSMDefcon101 🎈😜❄️🤡 ArmageddonWatchzzzz

Excellent. Bless brainwashing of the future

Probably for the best

Yawn learn to code

that's what happens when Unis depend on foreign students and charging them through the rood---

Non essential. Now farming that’s essential.

Universities are no longer places of learning and enlightened, of discussing and debating ideas and issues. They are now places of intolerance and indoctrination into ideologies where any disagreement is condemned and stomped into the ground along with the person who said it.

Good.

Canadian universities become a cluster of producing radical extreme leftists crazy people no quality any more

Final some good Covid news.

Tell PattyHajdu . You might have to catch her between flights on the tax payers aircraft though.

...hmmm the product produced by Canada’s Universities is by far overpriced

They might have $3.4 billion less income but look at their profit margins this year. Income might be done but % surpluses will be record. They make their $$ in the classroom. Everything else - libraries, cafeterias, dorms, sports - costs them money. Universities will be fine.

Canadian Indoctrination centre's losing money? Good....

So... 25 students are not showing up?

Good. Universities are comrade factories anyhow. Break the Communist indoctrination of our children.

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