VIU responds to multimillion-dollar deficits with tuition increase, prioritization of retention


The Nanaimo News Bulletin reports that Vancouver Island University is projecting a deficit of $12.6M for the 2023-24 academic year, a shortfall that echoes a growing trend since 2019-20 for the university. In an email to Nanaimo News, VIU said that the consecutive deficits stem from the fact that enrolment figures have not returned to pre-COVID levels, as well as the adverse impacts of “record inflation.” In response to the deficit, VIU will increase domestic student tuition by 2% and international student tuition by 5%. The university also said that it will prioritize student recruitment and retention in its budget strategy moving forward.

Nanaimo News Bulletin | VIU