Rising Costs: A Look at Spending at Ontario Universities
The Ontario government announced in 2005 that it would increase operating grants to colleges and universities $1.2 billion by 2009/10, both accomodating enrolment growth and increasing per-student funding. Soon after, the government announced a new tuition framework that allowed tuition fees to increase by an average of 5 per cent per year. As a result, university operating revenue has risen by over $3,000 per student since 2004/05. After adjusting for inflation, this represented a substantial new investment of nearly $2,000 for each student in Ontario‘s universities or an annual increase of 2.4 per cent beyond the general rate of inflation.