Post-secondary institutions still unprotected, largely excluded from Budget 2023

Error message

Notice: Undefined property: stdClass::$ds_changed in eval() (line 16 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$ss_search_api_url in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).
Notice: Undefined property: stdClass::$tm_title in eval() (line 20 of /var/www/7/modules/php/php.module(80) : eval()'d code).

Ottawa, March 29, 2023 (GLOBE NEWSWIRE) -- The federal budget failed to make needed investments in post-secondary education or protect colleges and universities from corporate insolvency, says the Canadian Association of University Teachers (CAUT).

Metadata

Provider:

GlobeNewswire, Inc.

Retrieved on:

Wednesday, March 29, 2023

Information

Tags:

University, College, CCAA, Research, Lawyer, Consultant, Government, Student, Canadian Association of University Teachers, Investment, CAUT, Liberal, McInnis, Community Innovation Survey, Tutoring, Management, Nursing

Geotags:

OTTAWA, ON, CA

Summary

Key Points:

Ottawa, March 29, 2023 (GLOBE NEWSWIRE) -- The federal budget failed to make needed investments in post-secondary education or protect colleges and universities from corporate insolvency, says the Canadian Association of University Teachers (CAUT).
In its pre-budget submission , CAUT recommended the government invest in research and graduate student scholarships, increase transfers to the provinces to support affordable post-secondary education, and that public universities and colleges be excluded from the Companies’ Creditors Arrangement Act (CCAA).
Moreover, this budget provided no new operating funding nor investments in basic research.
“Education and research are key to helping Canadians meet present and future challenges, whether the climate emergency or public health crisis,” said McInnis.

Ottawa, March 29, 2023 (GLOBE NEWSWIRE) -- The federal budget failed to make needed investments in post-secondary education or protect colleges and universities from corporate insolvency, says the Canadian Association of University Teachers (CAUT).

In its pre-budget submission, CAUT recommended the government invest in research and graduate student scholarships, increase transfers to the provinces to support affordable post-secondary education, and that public universities and colleges be excluded from the Companies’ Creditors Arrangement Act (CCAA).

“Laurentian University did not need to resolve its financial difficulties through a restructuring process designed for private companies that paid millions to lawyers and consultants while slashing programs and staff,” said Peter McInnis, president of CAUT. “We continue to call on the Liberals to make good on their 2021 election promise to exclude public universities and colleges from the CCAA.”

As tuition fees and the cost of living continue to rise, CAUT had hoped this budget would have maintained the doubling of the Canada Student Grant introduced during the pandemic. Moreover, this budget provided no new operating funding nor investments in basic research.

“Education and research are key to helping Canadians meet present and future challenges, whether the climate emergency or public health crisis,” said McInnis.

Budget highlights for post-secondary education

Increasing Canada Student Grants by 40% in 2023-2024
Raising the interest-free Canada Student Loan limit from $210 to $300 per week of study
Waiving the requirement for mature students, aged 22 years or older, to undergo credit screening to qualify for federal student grants and loans for the first time
$197.7 million in 2024-2025 to extend the Student Work Placement Program
$108.6 million over three years, starting in 2023-2024, to expand the College and Community Innovation Program

Elizabeth Berman
Canadian Association of University Teachers
(613) 820-2270 ext. 105
[email protected]