Colleges and Universities Minister Jill Dunlop said in a news release Thursday that the freeze will continue for the 2023-24 school year for Ontario students
, while allowing postsecondary institutions to raise their fees for domestic out-of-province students by up to five per cent.
“The current situation isn’t sustainable,” Linda Franklin, president and CEO of Colleges Ontario wrote in a statement. “Without immediate financial supports and tuition flexibility, the financial pressures for universities will continue to grow, further eroding the sector’s ability to support students,” he wrote in a statement.
Dunlop also announced Thursday the creation of an expert panel to provide advice on postsecondary financial sustainability. Panel members are tasked with looking at enhancing student experience and access, “rewarding excellence,” financial sustainability, labour market alignment and affordability.
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