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Bachelor of Commerce (Digital Marketing) - Postsecondary ...

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A. Government Issues<br />

A.1 Government Issues (cont’d)<br />

The proposed Budget also includes a number <strong>of</strong> measures that will reduce the amount <strong>of</strong><br />

funding for colleges. In total, these will result in a reduction <strong>of</strong> $55.7 million by 2014/15.<br />

Measures include:<br />

o<br />

o<br />

o<br />

the already mentioned International Student Recovery <strong>of</strong> $750 per student;<br />

a two-year phased-in elimination <strong>of</strong> the Small, Northern and Rural Grant for some<br />

colleges starting in 2013/14. Algonquin, Georgian, Conestoga, Durham, Fanshawe,<br />

Niagara and St. Clair will be impacted; and<br />

additional policy levers will be announced in early summer, amounting to reductions <strong>of</strong><br />

$25.5 million by 2014/15.<br />

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