Healthy, wealthy and wise: The value of a university degree
The Association of Universities and Colleges of Canada released new data on the value of a university degree on Aug. 31. The report indicates that a university graduate will earn $1.3 million more over his or her lifetime than someone who has not gone beyond high school.
Financial aid continues to grow
This year, BC's research-intensive universities (UVic, UBC, SFU and UNBC) are offering students a record amount of direct financial aid.
University research key to Canada’s future
As Canada emerges from the economic downturn, we have an opportunity to support research and innovation that will enhance our future. That’s the key message in an op-ed piece in the Feb. 22 Hill Times by Heather Munroe-Blum, chair of the AUCC Standing Advisory Committee on University Research and principal and vice-chancellor of McGill University.
McMaster expects to cut 50–100 jobs
Forecasting 2010/11 to be the fourth consecutive year of deficits, McMaster University is looking to find $48 million in budget savings: $22 million to cover inflation, $14 million to cover post-retirement medical and dental benefits, $8 million to cover pension deficits, and $4 million for other increased costs.
Alberta budget hits U of A hard
The University of Alberta, already facing a projected $59-million budget shortfall, stands to lose an expected additional $20 million as a result of cuts to funding targeting new and growing programs in the February provincial budget.
Queen’s reviewing academic priorities
Queen’s University, facing a projected $33-million budget deficit over the next three years, is reviewing its academic priorities with an eye to doing less with less.
U of A raises tuition, fees to help address deficit
The University of Alberta in December raised tuition (1.5 per cent), residence rent (3.8 per cent) and parking fees (2 per cent) to help combat a projected $59-million budget shortfall for the next fiscal year.
BCIT considers layoffs to balance budget
The preliminary budget for the British Columbia Institute of Technology includes plans to eliminate 82 positions in order to deal with a projected $12-million budget deficit. Job cuts would affect managers, support staff and approximately 20 instructor positions. Burnaby News Leader story.
SFU facing $9-million in red ink
Simon Fraser University is anticipating a $9-million deficit for the 2010-11 fiscal year. In order to balance next year’s budget, the SFU administration is considering 3- to 5-per-cent cuts across all vice-presidential portfolios, with the larger cuts being made mostly to non-teaching and non-research services in both academic and non-academic units. More »
UBC addressing $25-million shortfall
The University of British Columbia is planning to address a $25-million shortfall and deliver a balanced budget for fiscal 2010-11. The university plans to address $16 million of the deficit through 3-per-cent reductions in administrative and central academic allocations and 2-per-cent cuts to faculties. Additional measures proposed include reducing building operations allocations and campus-wide contingencies. More » (see “Fall 2009 HEADS UP meeting”)
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