Category: Funding and Finances

Governance and Budgeting

Last week, I wrote a piece about how most Canadian universities seem to have come through the pandemic financially unscathed or even a little bit better off.  Briefly, universities pulled back on the spending in expectation of a collapse in revenues and then the collapse never really happened.  Result: higher surpluses. Let’s just say the reactions to this piece were…heartfelt.   And they often involved some combination of the adjective “lying”, and the nouns “tightwad”, “bastard” and “admins”.  To the extent

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What Really Happened During COVID? Part 2

Yesterday, we examined student income during COVID.  On aggregate, income might not have dropped at all once the Canada Education Student Benefit is taken into the equation, though there was probably some re-distribution of money away from students who work summers to those who don’t.  Today, I want to look at what happened to institutions in the pandemic, because again the picture painted by the data emerging from institutional financial statements is quite different from the conventional wisdom about what

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Global Higher Education’s Post-COVID Future (2) – Funding Challenges Forever

Yesterday, I described some of the big changes of the past 18 months; today I will talk a little bit about the first of the three big trends that we need to watch for over the next few years.  This one I call “Funding Challenges Forever”. Around the world, COVID has had two distinct financial impacts on institutions.  In countries where the vast majority of funding came from governments (mainly, but not exclusively, Europe), the COVID shut-down had very little

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Global Higher Education’s Post-COVID Future (1)

Back in July, I was kindly invited to a conference sponsored by the Perspektywy Foundation in Warsaw to give a talk about the future of global higher education after COVID.  Over this week, I want to recap that talk and provide some analysis about the main policy trends affecting higher education of the next few years.  Not all these trends will affect countries equally (for reasons that will become apparent) but I think they probably capture the biggest pieces of

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Education at a Glance 2021

On Thursday, the OECD released its annual Education at a Glance report.  I always do a blog post about these, even though, let’s face it, very little changes annually.  But I have zero desire to talk about this godforsaken election anymore, so this seems like a welcome opportunity to change the subject a bit. Let’s start with Figure 1, tertiary attainment rates, where Canada always performs well.  This shows Canada as having one of the highest tertiary attainment rates in

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