Canadian universities and colleges need the juicy tuition revenues to stay afloat
the “explosive growth” in foreign student visas, which many experts say has contributed to Canada’s housing affordability crisis, is giving indigestion to college and university administrators.
Canadian postsecondary institutions have increasingly turned to international students, who pay tuition fees as much as 10 times higher than domestic ones, to balance their budgets in recent years. Capping foreign student visas could drive some institutions over the financial cliff, while forcing others to dramatically slash capital projects and investments in research.
The number of foreign students with active study permits soared to 807,750 last year, a 31-per-cent increase from 2021. Publicly funded universities and colleges accounted for less than half of the total. But they nevertheless remain addicted to juicy tuition revenues to stay afloat. They now fear becoming victims of a knee-jerk policy reaction in Ottawa, as Prime Minister Justin Trudeau’s government scrambles to address the housing crisis.
As for colleges and universities, a sudden reduction in the number of foreign students they are allowed to accept would have disastrous financial consequences. Provincial funding has been stagnant for years, while a freeze on tuition fees for domestic students in Ontario has forced institutions to turn to international enrollees to make up for the shortfall.The sudden loss of Saudi Arabian students after a diplomatic spat with Canada in 2018 was a contributing factor in Sudbury, Ont.
Laurentian’s dependence on foreign students last year prompted Ontario Auditor-General Bonnie Lysyk to examine the situation at four other universities in the province in similar circumstances.
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