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
Family of toddler found dead at small-town Ont. daycare no closer to answers after year of investigation
A year has passed since two-year-old Vienna Irwin was found on the property of a home-based daycare in small-town Ontario, but her family says they are no closer to answers of what happened that day.
Fatal plane crash reported near Squamish, B.C.
The Transportation Safety Board of Canada has confirmed it is working with local Mounties and the BC Coroners Service after a plane crash near Squamish, B.C. Friday night.
Grayson Murray, two-time PGA Tour winner, dead at 30
Two-time PGA Tour winner Grayson Murray died Saturday morning at age 30, one day after he withdrew from the Charles Schwab Cup Challenge at Colonial.
Humboldt Broncos crash victims and families react to decision to deport truck driver
The family of one of the victims of the Humboldt Broncos bus crash in 2018 says they are 'thankful' for a decision by a Calgary immigration board to deport the driver of the truck involved.
Community mourns victims of fatal boat crash near Kingston, Ont.
The three people killed in last weekend's tragic collision between a speedboat and a fishing boat north of Kingston are being remembered Friday.
'God forgives but we don’t': Loud outburst from stabbing victim’s family during sentencing hearing
An emotional outburst in a London, Ont. courtroom Friday disrupted the sentencing hearing of a woman who pleaded guilty for her part in the death of 29-year-old Mohammed Abdallah.
Chiefs' Harrison Butker has no regrets about expressing his beliefs in speech
Kansas City Chiefs kicker Harrison Butker has no regrets about expressing his beliefs in a recent commencement speech and he said he has received support as well as “a shocking level of hate” from others.
American Airlines drops law firm that said a 9-year-old girl should have seen camera on toilet seat
American Airlines has replaced the law firm that told a judge a nine-year-old girl was negligent in not noticing there was a camera phone taped to the seat in an airplane lavatory.
Three dead after vehicle plunged down a 100-foot embankment in Shediac, N.B.
Three people have died after a vehicle veered off the road in Shediac N.B., Friday morning.