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Addressing Our Financial Reality
On February 12, the Provincial Government announced significant new investments in Ontario’s public colleges, polytechnics, universities and Indigenous institutes. We welcome this news. Sustained and predictable funding is essential to supporting learners, the communities we serve, and Ontario’s workforce needs.
While this investment is a positive endorsement of our sector, Algonquin College continues to face significant financial challenges and must remain focused on its long-term sustainability. The announcement introduces a new funding formula, lifts the longstanding tuition freeze, and emphasizes priority program areas. A portion of the new funding is directed toward creating new seats, rather than increasing base funding for existing ones.
Once we receive the technical brief regarding the announcement and the details of our allocation, we will complete a full assessment. It is essential that our decisions going forward are made with a thorough understanding of the impact this announcement will have on the College.
We understand that these developments raise important questions. Below, you will find answers to some of the most common inquiries, and the latest updates, to help provide clarity during this time.