(File photo)

(File photo)

COVID-19 could cost Canadian universities millions, even billions: Statistics Canada

In 2017-2018, foreign students alone paid about 40 per cent of all tuition fees

Canadian universities could lose as much as $3.4 billion this year due to the COVID-19 pandemic, Statistics Canada has projected, in large part due to a decrease in the number of foreign students.

In a report published this week, Statistics Canada tried to estimate university budget losses for the 2020-2021 school year.

Tuition fees make up an increasingly large portion of university revenues, the agency said. In 2013-2014, tuition fees accounted for 24.7 per cent of school funding, while they made up 29.4 per cent in 2018-2019.

The largest portion of university revenue comes from government funding, at 45.8 per cent.

Statistics Canada said the increase in the proportion of tuition fees was caused by a growing number of foreign students, who pay higher tuition — almost five times as much as Canadian citizens.

In 2017-2018, foreign students alone paid about 40 per cent of all tuition fees.

Therefore, Statistics Canada said, universities could lose between $377 million and $3.4 billion — 0.8 per cent to 7.5 per cent of their total revenues — this academic year.

The agency based its projection on the number of study permits issued by Immigration, Refugees and Citizenship Canada, which corresponds to the number of foreign students in the country.

In 2020, 58 per cent fewer permits were issued and about 13 per cent of those that were issued were no longer valid in September.

The agency said Canadian student registration numbers could also drop this year.

It found 20 per cent of 17- to 24-year-olds who were in school last March said they did not plan to return this year.

Wendy Therrien, external relations and research director at Universities Canada, said it’s too soon to tell whether the pandemic will have an effect on university budgets or registration.

She said, however, that the federal government’s Canada Emergency Response Benefit (CERB) helped students and their families have the means and confidence to go back to school this year.

Universities are also adapting to pandemic-related travel restrictions and have allowed foreign students to continue their studies remotely, she said.

“That helps us retain those students,” Therrien said.

ALSO READ: Remembrance Day planners scrambling as COVID-19 upends traditional ceremonies

Vicky Fragasso-Marquis, The Canadian Press


Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

CoronavirusUniversities and Colleges

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

COVID-19. (Image courtesy CDC)
Interior Health reports 70 new cases overnight

The total number of cases in the region is now at 1,426

A big portion of the funding is anticipated to be used in 2021. File photo
Village of Nakusp receives $692,000 in COVID-19 relief funding

The money will partly be used to help sustain and clean municipal facilities

An employee of the Adventure Hotel was taken to hospital on Nov. 20 after she confronted a customer of Empire Coffee about not wearing a mask. File photo.
Nelson hotel employee suffers heart attack after being assaulted in anti-mask incident

An accountant at the Adventure Hotel is in hospital in Kelowna

RCMP pictured at a motor vehicle incident during snowy conditions. (Phil McLachlan - Black Press Media)
Fruitvale woman charged with impaired driving in 2019 crash that killed 2 teens

A 15-year-old boy and 18-year-old woman, both from Fruitvale, died in the crash that sent the vehicle into the river

Masks are now officially mandatory in all City of Campbell River facilities. (Black Press File Photo)
Interior Health reports 49 new COVID-19 cases overnight

302 cases remain active; two in hospital

A man wearing a face mask to help curb the spread of COVID-19 walks in downtown Vancouver, B.C., Sunday, Nov. 22, 2020. The use of masks is mandatory in indoor public and retail spaces in the province. THE CANADIAN PRESS/Darryl Dyck
B.C. records deadliest day of pandemic with 13 deaths, 738 new COVID-19 cases

Number of people in hospital is nearing 300, while total cases near 30,000

The COVID-19 test centre at Peace Arch Hospital is located on the building’s south side. (Tracy Holmes photo)
B.C. woman calls for consistency in COVID-19 post-test messaging

‘Could we just get one thing straight?’ asks Surrey’s Deb Antifaev

(File photo)
Alberta woman charged after allegedly hitting boy with watermelon at Okanagan campsite

Police say a disagreement among friends at an Adams Lake campsite turned ugly

Court of Appeal for British Columbia in Vancouver. (File photo: Tom Zytaruk)
B.C. woman loses appeal to have second child by using late husband’s sperm

Assisted Human Reproduction Act prohibits the removal of human reproductive material from a donor without consent

Krista Macinnis displays the homework assignment that her Grade 6 daughter received on Tuesday. (Submitted photo)
B.C. mom angry that students asked to list positive stories about residential schools

Daughter’s Grade 6 class asked to write down 5 positive stories or facts

B.C. projects targeting the restoration of sockeye salmon stocks in the Fraser and Columbia Watersheds will share in $10.9 million of federal funding to protect species at risk. (Kenny Regan photo)
13 projects protecting B.C. aquatic species at risk receive $11 million in federal funding

Salmon and marine mammals expected to benefit from ecosystem-based approach

Barrels pictured outside Oliver winery, Quinta Ferreira, in May. (Phil McLachlan - Black Press Media)
B.C. Master of Wine reflects on industry’s teetering economic state

Pandemic, for some wine makers, has been a blessing in disguise. For others, not so much.

Damien Smith, with father Thomas Smith, is “frozen” with joy as he watches a special message Deadpool star Ryan Reynolds recorded for Damien’s 9th birthday on Tuesday, Nov. 24, 2020. (Contributed)
Shuswap boy celebrates 9th birthday with family, community and Ryan Reynolds

People from around the world send birthday cards showing young Canoe resident he’s not alone

Most Read