TORONTO, May 13, 2013 /CNW/ - OPSEU has discovered that three Ontario
colleges, Fanshawe, Mohawk and Seneca, have formed a consortium
planning large-scale investment of funds in a college in Saudi Arabia.
According to a report by the President of Fanshawe College issued to
their Board of Governors on April 25, 2013, each college will commit
2.5 million dollars in funding. This will be a five-year deal, which
will include issuing Ontario college certificates to students
graduating from programs offered at Madinah College in Saudi Arabia.
"This is a questionable and risky international venture, and we want to
know why it is being pushed through in such a hurry. We are calling for
due diligence to be done before sending important Ontario college
funding out of the country," said OPSEU President, Warren (Smokey)
"Saudi Arabia is one of the richest countries on earth. This is not
about investing in making a difference in the developing world. It is
about taking money out of the Ontario colleges system, and placing bets
on profiting from our colleges' good reputations," Thomas added.
"This plan is part of a disturbing trend to look abroad for funding. The
systemic underfunding of our public education system is creating a race
for possibly risky private fundraising ventures in other countries."
OPSEU believes this consortium's plans, and other similar plans by
Ontario's public post-secondary institutions, could do long-term damage
to the reputation of Ontario colleges, the value of receiving a
certificate from an Ontario college, and the quality of our education
For further information:
Emily Visser, OPSEU Communications: 416-557-7936 email@example.com