U of R to hike tuition and fees 4% in latest $283M budget
The University of Regina (U of R) is reporting its first balanced budget in years – with the promise to reinvest in student supports as the institution puts its pandemic related fiscal challenges in the rear view mirror.
The $283.1M budget comes after three straight years of budget deficits and marks an increase of nearly $30 million from last year.
In 2024-25, students can expect a four per cent tuition and fee hike, the same rate as 2023-24.
The university noted that inflationary pressures require fees to increase year over year.
“This budget puts the University on solid financial footing over the next year as we look forward to celebrating our 50th anniversary,” President and Vice Chancellor Jeff Keshen said in a news release.
“The University takes any increase to tuition very seriously and works hard to find the right balance in developing our budget so that we can provide a high-quality post-secondary education and experience to our students while remaining affordable,” he added.
The university says the budget will create new faculty positions across a “wide array” of programs while promising “significant” investments in areas that directly support researchers and grad students.
The latest budget marks the final year of the U of R’s four year agreement with the Government of Saskatchewan.
The U of R did receive $2.4 million in one-time funding as part of the provincial budget.
Discussions concerning a new multi-year funding agreement are currently underway, according to the university.
CTVNews.ca Top Stories
Feels like mid-30s in parts of Canada, while other areas expecting snow
Anything is possible this week, as far as Canada's weather is concerned, with forecasts ranging from scorching heat in some parts of the country to rain and snow in others.
BREAKING Canada's inflation cools to 3-year low of 2.7%, in boost for rate cut bets
Canada's annual inflation rate slowed to a three-year low of 2.7 per cent in April, matching expectations, and core measures continued to ease, data showed on Tuesday, likely boosting chances of a June interest rate cut.
1 dead, others injured after London-Singapore flight hit severe turbulence, Singapore Airlines says
One person has died aboard a London-Singapore flight that encountered severe turbulence, Singapore Airlines said Tuesday. The plane was diverted to Bangkok, where emergency crews rushed to help injured passengers amid stormy weather.
Independent stores and grocery alternatives see sales boost amid Loblaw boycott
As the month-long boycott of Loblaw-owned stores wears on, small independent food retailers and alternative grocery options say they're seeing a boost in traffic and sales.
What is BORG drinking, and why is it a dangerous trend? An expert explains
If you've been to a party lately and haven't seen someone drinking a BORG, you're likely not partying with college students.
How to check the Air Quality Health Index and assess your health risks
As we enter another wildfire season, Environment and Climate Change Canada is advising people to pay attention to air pollution levels and check the Air Quality Health Index – especially on smoky days.
Cardinal Lacroix cleared after investigation ordered by the Pope
The Vatican has announced that the investigation it commissioned into allegations of sexual touching against Cardinal Gerald Cyprien Lacroix did not confirm any act constituting misconduct or abuse on the part of the Vatican.
Trudeau making 'Team Canada' pitch in visit to Philadelphia
Prime Minister Justin Trudeau is in Philadelphia today, on his first trip south of the border since his government launched a new 'Team Canada' charm offensive in the United States.
Oilers win Game 7 over Canucks, advance to Western Conference Final
The Edmonton Oilers weathered a late Vancouver Canucks charge on Monday night, beating the hosts 3-2 to win their seven-game second-round playoff series in the decisive showdown.