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Category: Funding and Finances

Canadian University Expenses, 2017-18

Good morning.  Yesterday, I examined recent trends in income at Canadian universities; today I want to take a look at what is happening on the expenditures side. Let’s start by looking at expenditures by type.  Universities are labour-intensive places, with 58% of total expenditures devoted to labour of one sort or another (if we were to look just at operating expenditures, it would be higher).  About 12% goes into new buildings, building renovations, utilities and general upkeep.  Nine percent is

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September 13, 2019 2 Comments

Canadian University Finances 2017-18

So, the 2017-2018 Financial Information of Universities and Colleges survey dropped in July, and as usual I’ve got a two-parter, one on income and balances (today) and one on expenditures (tomorrow). Figure 1 shows the big, long-term picture. University income, in real dollars, is still on an enormous long-term up-tick. This year, total income was $38.7 billion, down very slightly this year from last because it wasn’t quite as bumper a year on the investment/endowment front. Figure 1: University Income

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September 12, 2019 No Comments

Education at a Glance, 2019: The Key Data

It’s that time of year when literally everyone is releasing data and reports for the back-to-school period (SELF-PROMOTION KLAXON: look for my new paper on Performance-Based Funding of post-secondary education, out from the CD Howe Institute Tuesday next week). Over the next couple of days, we’ll be doing a deep dive on Canadian university finances; today, though, I wanted to go through some of the highlights of this year’s Education at a Glance from the OECD, which dropped yesterday morning

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September 11, 2019 4 Comments

Canadian PSE Funding Is Weirder Than You Think

I’ve been playing around with funding data and discovered something a bit mind-altering.  It has to do with Ontario and how different it is from the rest of the country when it comes to post-secondary funding.  (All of the following graphs show income of PSE institutions – that’s colleges and universities together – from public and private sources expressed as a percentage of GDP.  Data for other countries come from OECD Education at a Glance 2018; data for Canadian provinces

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September 3, 2019 4 Comments

Private Capital in Higher Education (Part II)

To really understand universities, you need to understand their cost structure.  And to understand their cost structure, you need to understand that unlike businesses, they keep score not by profits but by prestige, and that prestige – to the extent it does not derive from events and successes in the long-ago past – is, to a considerable extent, driven by total expenditures.  Thus, to “succeed” institutions must spend as much as possible.  This leads to what is known as the

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June 19, 2019 No Comments

One Thought to Start Your Day

One Thought to Start Your Day is our founder and CEO Alex Usher’s popular daily blog, brimming with up-to-the-minute insights and informed opinions on today’s higher education industry.

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