Fanshawe College is cutting costs and is looking to have a review of its financial operations, reports CBC. Fanshawe President Peter Devlin said that the federal government’s changes to international student enrolment have hurt the college’s budget and have led to cuts in a variety of areas, including professional development and new hires. While Devlin said that “Fanshawe will be able to continue supporting strategic investment” this fiscal year, he noted that the college is anticipating budget challenges in the future. Devlin is looking for the province to fund an independent third-party review of Fanshawe’s financial operations to prepare the college to proactively manage these financial challenges. The report would focus on five key areas including governance, physical assets and facilities, and academic programming.
