Colleges navigate financial challenges due to international student program changes

Several news articles detail how colleges—especially those in Ontario—are being impacted by the federal government’s changes to the international student program. Several institutions and organizations have reported a decline in international student applications and/or enrolment, including BC Colleges, Confederation College, Fanshawe College, Georgian College, and Seneca Polytechnic. Leadership also spoke to the financial impact: Confederation President Michelle Salo expects the college to lose millions in revenue, Seneca President David Agnew said Seneca has lost $35M to date in international tuition revenue, and Mohawk College President Paul Armstrong asserted that “layoffs will be necessary” in light of a projected $50M deficit for next year. “We expect all public colleges and many programs will be impacted in some way,” said Colleges Ontario CEO Marketa Evans.

Bayshore Broadcasting (Georgian) | CBC (Fanshawe) | Globe and Mail (BC, ON) | Hamilton Spectator (Mohawk)