OTTAWA (Reuters) – Canadian universities are facing a financial crunch amid the COVID-19 crisis, as a drop in foreign enrollment and shuttered campuses dent the bottom line and the country’s slow vaccine rollout weighs on the next school year.
Public universities have become increasingly dependent on foreign students, who pay far higher tuition than domestic students, to boost their profits. International enrollment jumped 45% over the last five years, advocacy group Universities Canada said, but it fell 2.1% this year amid coronavirus restrictions.
Lots of other reasons Canadian universities are financial sink holes. The education bubble will burst in Canada. Perhaps it should be allowed to.
