As cuts and deficits grow, ON weighs changes to funding formula for PSE

The Government of Ontario is facing additional pressure to revise its postsecondary system funding formula as advocacy groups share the real and projected financial losses of colleges, polytechnics, and universities. Colleges Ontario recently asserted that its members have cut $1.8B from their collective finances, while the Council of Ontario Universities stated that its members are facing deficits of $365M. ON Minister of Colleges, Universities, Research Excellence and Security Nolan Quinn confirmed that the tuition freeze will stay in place until at least the end of 2026-27. He also referenced the ongoing funding formula review, stating that “it’s been over a decade since we’ve really looked at [it].”