The federal and provincial governments have been underfunding universities for decades. Recently, universities were able to start recruiting foreign students to make up for the shortfall, but it looks like that money tap will be turned down. It doesn’t look like there’s a plan to make up for it.
At the same time, the feds want to
recruit more than 1,000 top international researchers to Canada, with the budget injecting up to $1.7-billion into a suite of recruitment measures.
That’ll be tough if universities see their income crater.
The absolute cost of tuition doesn’t speak to whether the school is “gouging,” which would imply excessive profit-taking with funds moving to private investors – WHO DON’T EVEN EXIST IN THIS SCENARIO.
No school’s tuition covers the actual cost for Canadian citizens. Every tuition is highly subsidized. If anything, we’re gouging the schools, because they are not allowed to raise tuitions but their costs are going up while their revenue is dropping.