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School in Debt? Options
needsmoney
Posted: Saturday, March 08, 2008 9:30:47 AM
Rank: Frosh
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Joined: 3/8/2008
Posts: 9
Location: Canada
Just recently a notice was sent out at my college saying that the government was going to look into our finances. I guess we are in debt. How on earth does that happen. Now I am afraid tuition will be rasied next year! YIKES!
sylvie
Posted: Saturday, March 08, 2008 4:11:20 PM
Rank: Frosh
Groups: Member

Joined: 3/8/2008
Posts: 6
Location: Ontario
From what I heard, all of the universities of Canada had a loss last year, exept for the university of Ottawa... I guess everything is going well over there! I really hope tuition fees aren't raised next year..!
kevopinko
Posted: Saturday, March 08, 2008 4:36:03 PM
Rank: Frosh
Groups: Member

Joined: 3/8/2008
Posts: 6
Location: sherwood park
no idea how that happened here, although they say it did. With almost 5000 dollar payed per student, you think they would make some profit.
Gaiero
Posted: Monday, March 10, 2008 4:24:10 PM
Rank: Frosh
Groups: Member

Joined: 3/10/2008
Posts: 5
Most likely due to unnecessary bureaucratic spendings. The thing is they try to keep a balance of first/second/third years etc. because basically first years are paying for the upper year students research and what not. If tuition goes up, they risk scaring off future students, especially if it's a not so reputable university. It could be that this is just a tactic to get more money from the government though...
Kaylya
Posted: Monday, March 10, 2008 5:02:57 PM

Rank: Student Body Vice-President
Groups: Member

Joined: 3/4/2008
Posts: 719
Location: Ottawa
kevopinko wrote:
no idea how that happened here, although they say it did. With almost 5000 dollar payed per student, you think they would make some profit.


Tuition fees represent slightly more than half of the funds collected by universities in Canada (less than that for some provinces I'm sure, I'm most familiar with Nova Scotia which has high tuition), the rest comes from government funding, fundraising, and any money they make off of stuff like residences, food services, etc. Unless of course you are referring to the couple schools that don't get government funding, like Trinity Western, which charges $16500 for undergraduate tuition.

With all those people worrying about if their tuition will go up next year, all I can say is, don't worry, it almost certainly will unless you are in a province that has a tuition freeze. The question is how much.



jocelyn
Posted: Tuesday, March 11, 2008 12:12:15 AM
Rank: Frosh
Groups: Member

Joined: 3/10/2008
Posts: 16
Location: Winnipeg
Manitoba currently has a tuition freeze going, we're paying the same tuition as was paid in 2000. No, we're not getting a lower quality of education (our English honours programme at the U of Winnipeg is one of the best in Canada), but we are charged additional "student fees" each year, and international students pay 300X the cost of regular tuition, which doesn't seem fair.


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