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Addressing Our Financial Reality
Algonquin College, along with the entire post-secondary education sector, is facing unprecedented financial challenges. This is due in part to a prolonged and ongoing provincial government tuition freeze, chronic underfunding, and recent federal government immigration policy changes that negatively impact international enrolments.
The College must take immediate and substantial action to address this serious financial situation. Without intervention, Algonquin College will incur a budget deficit, on a cash flow basis, of $60 million in 2025-2026, rising to $93 million by 2026-2027. To ensure the long-term financial sustainability of the College, we are implementing mitigation measures immediately and taking decisive steps to reduce expenses, optimize resources and explore new revenue opportunities. Our College community is built on the dedication and hard work of our employees. The steps we are taking now are not a reflection of that commitment but rather a response to the changing environment in which we operate.
We understand that these developments raise important questions. Below, you will find answers to some of the most common inquiries, and the latest updates, to help provide clarity during this time.