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In 2020, 58 per cent fewer permits were issued and about 13 per cent of those that were issued were no longer valid in September.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

BC Liberal Party candidate for the North Coast Roy Jones Jr. will hold virtual face-to-face meetings for North Coast communities on Oct. 18. (Photo: K-J Millar/The Northern View)
BC Liberal Candidate Roy Jones Jr, will meet constituents virtually

Face to face conversations will be held on Oct. 18 for North Coast communities

The rockslide occurred just east of Firvale before Snowshoe Creek (photo submitted)
Heavy rain causes mud, debris on Highway 20

Environment Canada had issued a rainfall warning on Thursday morning

Phillip Tallio with his supporters Marie Spetch and Robyn Batryn. (File photo)
Appeals trial begins for Phillip Tallio, convicted of killing toddler in 1983

Tallio was 17 at the time of the 22-month-old toddler’s death

Subsea fibre optics running from Prince Rupert to Haida Gwaii and and then south to Vancouver will improve high-speed internet connection options for Coastal Communities, CityWest said on Oct. 13. (Black Press Media)
Subsea fibre optics running from north of Prince Rupert to Haida Gwaii and and then south to Vancouver will improve high-speed internet connection options for Coastal communities, CityWest said on Oct. 13. (Black Press Media)
CityWest to refresh subsea fibre optics project

Fibre optics project to run cable from north of Prince Rupert to Haida Gwaii then south to Vancouver

With local MLA Adam Olsen looking on, BC Greens leader Sonia Furstenau said a Green government would convert BC Ferries into a Crown corporation Wolf Depner/News Staff)
Green leader Sonia Furstenau promises to convert BC Ferries back into Crown corporation

Promise comes Monday afternoon with five days left in campaign

A passer-by walks past a COVID-19 testing clinic in Montreal, Friday, Oct. 16, 2020. THE CANADIAN PRESS/Ryan Remiorz
Canada ‘yet to see’ deaths due to recent COVID surge as cases hit 200,000

Much of the increase in case numbers can be attributed to Ontario and Quebec

Police confirm human remains were found in a recycling bin in Vancouver on Oct. 18, 2020. (Black Press Media file photo)
Human remains found in recycling bin floating near Vancouver beach

Police asking nearby residents to see if their recycling bin has gone missing

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

B.C. Liberal leader Andrew Wilkinson visits a North Vancouver daycare to announce his party’s election promises for child care, Oct. 9, 2020. (B.C. Liberal Party video)
B.C. parties pitch costly child care programs in pandemic

B.C. Liberals say they’ll deliver on NDP’s $10-a-day promise for lower-income families

A B.C. man decided to create a website to help people find family doctors accepting patients. Because Victoria is considered high-demand, clinic openings can’t be posted publicly. (Unsplash)
Vancouver Island man starts website that connects B.C. residents with doctors

Nanaimo man started project to help people find family physicians accepting patients

Voting station at Tzeachten Hall in the riding of Chilliwack-Kent on the first day of advance voting in the provincial election on Oct. 15, 2020. (Paul Henderson/ Chilliwack Progress)
B.C. VOTES 2020: 380,000 British Columbians head to polls in first 4 days of advance voting

Some of highest voter turnout so far has been seen on Vancouver Island and in Shuswap

Most Read