Alberta to tie funding for postsecondary institutions to performance - 2020-01-20
Alberta plans to tie funding for postsecondary institutions to performance, looking at targets such as postgraduation employment rates and wages, as well as increasing enrolment, to decide how much public money colleges and universities receive.
Premier Jason Kenney's government wants to have 40 per cent of a school's provincial cash tied to meeting those targets by 2022 as it continues to make significant changes to Alberta's system of advanced education. In less than a year, the government has scrapped a tuition freeze and announced plans to cut provincial spending on postsecondary institutions by 32 per cent over the next three years.
Advanced education has faced one of the steepest series of cuts in the province's drive to balance the books by 2023, with the government looking to reduce its direct funding for postsecondary institutions from $2.5-billion last year to $1.7-billion in 2022. Some of the reduced spending will be offset by higher tuition.