Alberta’s post-secondary funding problem is staring them right in the face – Macleans.ca
The thousands of students who attend Alberta’s post-secondary institutions every year are used to their work being graded. But now, thanks to a new policy announced by the provincial government, the people running those universities and colleges will be getting their own report cards.
Beginning this year, up to 15 per cent of their operational funding will be tied to metrics like enrolment, graduation rates and the median incomes of their program’s graduates. That will reach 40 per cent of total funding by 2022—in addition to cuts in last year’s budget that reduced funding for operating expenses by five per cent. According to Demetrios Nicolaides, the Minister of Advanced Education, “this new model is designed to help our students succeed.”