Our 2024 pre-budget report, Investing in Universities is Investing in Students and Ontario’s Future, outlines how Ontario’s universities continue to support student success, fuel the province’s economic growth and remain steadfast in their commitment to finding new and innovative ways to drive greater efficiencies.
As the financial pressures Ontario’s universities face continue to grow, Ontario’s universities call on the provincial government to urgently address the financial sustainability of the university sector by immediately implementing the Blue-Ribbon Panel recommendations to ensure a vibrant and healthy university sector.
Key to the sector’s financial health are the Panel’s recommendations to:
- Boost operating grants by 10% this year and index future increases;
- Allow for tuition increases starting in the Fall of 2024 by 5% for general programs and index future increases, while protecting low-income students; and
- Increase special purpose grants to support Northern and Bilingual universities, as well as research and innovation.
Unless action is taken immediately, more and more universities – and the students they support – are at risk.
