The Financial Crisis in Canadian Colleges and Universities

At the beginning of this year, immigration minister Marc Miller said the government was looking to rein in the number of international study permits it would be granting, in a bid to take pressure off the strained housing market. But that's been bad news for the post-secondary institutions for which a significant part of their operating budgets come from tuition fees from international students. Colleges in southern Ontario have been particularly hard hit, with many announcing cuts and consolidations — and there could be more to come.

But it's only part of the problem. Alex Usher, the president of Higher Education Strategy Associates, explains the crisis Canadian universities and colleges are now dealing with: the result of years of cuts and a refusal to spend more on our post-secondary institutions.

For transcripts of Front Burner, please visit: https://www.cbc.ca/radio/frontburner/transcripts