Increased Funding To Improve Campuses and Students' Education
TORONTO, June 4 /CNW/ - The McGuinty government is providing an
additional $7.3 million in funding for Durham Region postsecondary
institutions, Chris Bentley, Minister of Training Colleges and Universities,
and Wayne Arthurs, MPP Pickering-Ajax-Uxbridge announced today.
"Our government supports the growth and development of the University of
Ontario Institute of Technology (UOIT) and Durham College as important parts
of Durham Region's economic future," said Arthurs. "These improvements to the
student learning experience will help establish Durham as an important seat of
higher education and help launch its students into strong careers."
"We're fixing UOIT's original funding formula to support their potential
to serve the people of Ontario," said Bentley. "Our investments in Durham
Region will help grow its knowledge-based economy and help Ontario thrive well
into the future."
UOIT will receive 100 per cent per student funding for 2007-08, compared
to the 85 per cent funding UOIT has received since it was first established.
This change will result in an increase of approximately $4 million in annual
operating support for UOIT in 2007-08.
In addition, UOIT will receive $3.4 million and Durham College will
receive $3.9 million to improve the student learning experience as part of the
$365 million allocation for colleges and universities announced in the 2007
"I am delighted that the provincial government has made this significant
investment in the critical capital needs of colleges," said Leah Myers,
president of Durham College. "These funds will go a long way to improving the
infrastructure that supports the exceptional learning experience we offer to
students, ensuring our graduates have the market-ready skills needed to
contribute to Ontario's workforce and future prosperity in a significant way."
"As the province's newest university, UOIT has quickly earned a
reputation for being an innovative and high quality member of the family of
Ontario universities," said Dr. Ronald Bordessa, president of UOIT. "This
welcome infusion of additional operating funding along with the money
announced in the provincial budget will contribute significantly toward our
shared goal of providing outstanding educational opportunities for future
students. On behalf of the university, I want to express my thanks to the
McGuinty government and their federal partners for this wonderful news."
Disponible en français
2007 ONTARIO BUDGET "REACHING HIGHER"
FOR POSTSECONDARY EDUCATION
As announced in the 2007 Ontario Budget, the government is providing an
additional $365 million to support quality improvements to the postsecondary
student learning environment, including funding that could be used for
investments in university and college infrastructure and equipment.
This additional funding is made up of $210 million in 2006-07 to
alleviate immediate cost pressures at universities and $105 million in 2007-08
to renew facilities and cover existing building maintenance costs at colleges
as well as $50 million for college and university capital projects.
This investment supplements the government's significant ongoing
investments through the Reaching Higher plan. Unveiled two years ago, the plan
is a historic $6.2 billion multi-year investment to enhance higher education
in Ontario. Through the plan, the people of Ontario are not only seeing
improved access, but also higher quality in the province's postsecondary
Ensuring Greater Access
- Increasing full-time enrolment by 86,000 since 2002-03, a 22 per cent
- Doubling student assistance by 2009-10, benefiting almost 200,000
students this year, up 25 per cent since 2003-04.
- Re-introducing upfront grants - benefiting nearly 60,000 students -
and limiting student debt to $7,000 per completed year of study.
- Limiting average tuition increases to an average five per cent
annually or $100 for 90 per cent of college students and $200 for
70 per cent of university students.
- Investing $20 million in 2007-08 - rising to $55 million in 2009-10 -
to help community organizations and postsecondary institutions
deliver programs that improve access for francophones, Aboriginal
peoples, persons with disabilities and those who would be the first
in their families to attend college or university.
- Investing $4.2 billion in 2007-08 in colleges and universities for
new faculty, library acquisitions and student services. Under the
$6.2 billion Reaching Higher plan, funding to colleges and
universities is increasing by 35 per cent over five years.
- Expanding graduate spaces by 12,000 in 2007-08, reaching 14,000 by
- Supporting innovative research in cutting-edge fields such as
biomaterials and mining innovation.
- Monitoring quality through a new Higher Education Quality Council of
- Establishing three-year agreements with colleges and universities to
identify and measure quality improvements.
- Providing $30 million for infrastructure projects at 15 colleges
through the economic stimulus package announced in the government's
2006 Economic Outlook and Fiscal Review.
For further information:
For further information: Sheamus Murphy, Minister's Office, (416)
325-7215; Tanya Blazina, Communications Branch, Ministry of Training, Colleges
and Universities, (416) 325-2746; Public Inquiries: (416) 325-2929 or
1-800-387-5514, TTY: 1-800-263-2892