Achi news desk-
The Université de Moncton has a surplus of $1.5 million for its 2024-2025 budget, but will increase tuition.
On Saturday, the university’s board of governors announced the surplus and approved a three percent tuition increase for all students.
In a news release, the university said that the increase in international enrollments over the past few years has allowed it to manage a favorable financial position.
An increase in enrollments has also enabled the institution to make strategic investments recently.
In January, the federal government moved to cap the number of study permits for international undergraduate students for the next two years.
The Université de Moncton said the cap announced by Immigration, Refugees and Citizenship Canada adds a great deal of uncertainty to international enrollments for the next academic year.
The president and vice-chancellor of Université de Moncton, Dr. Denis Prud’homme, that the school is pleased to hear that the number of letters of entry for international students allocated to them will increase.
“This allows us to welcome more students than we had anticipated when the new policy was announced,” Prud’homme said in the statement. “However, many factors remain uncertain, and we need to be prudent in our spending as well.”
The board said the budget will allow them to make investments in flagship projects a priority.
