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Category: Institutions

Tracing Laurentian’s Path Part 4 –Questions, Alternatives and Lessons

So, on January 31 last year Laurentian went into the CCAA process, thus bringing forward hundreds of millions of dollars in debts, and over the course of the next three months tore itself apart in the name of reaching solvency.  100-odd faculty were fired and a few dozen programs shut.  It was all extremely grim.  The question is: was it necessary and were there alternatives? Working backwards from the moment of insolvency, one can ask what happened and ask counterfactuals.

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January 20, 2022 4 Comments

Tracing Laurentian’s Path Part 3 : 2020/21

Laurentian was the first public university in Canada to close its campus in reaction to COVID.  On March 11, after the first case was identified, the institution decided to move to teaching at a distance.  Almost immediately, the consequences of COVID came into view.  The university had anticipated going into the new fiscal year with a combined $40 million in net deficits, line of credit owing, and “internal borrowing”, and now it was $45 million, with projected losses (at the

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January 19, 2022 No Comments

Tracing Laurentian’s Path Part 2: External Shocks

Tracing Laurentian’s Path Part 2: External Shocks Broadly speaking, four external shocks contributed to Laurentian’s downfall.   First, the Barrie Campus and the costs associated with that experiment; second, the loss of 140 Saudi students in the summer of 2018 following the Canada-Saudi Twitter spat; third, the province’s decision to cut tuition by 10% in early 2019; and fourth, COVID.  I’ll add a fifth which was technically not a financial shock but certainly a waste of money.  Let’s go through each

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January 18, 2022 1 Comment

The Canadian Professoriate: The Long View

Recently, I noticed that Statistics Canada has data on the Canadian professoriate dating back to 1970-71.  I don’t know if this is a recent addition to the free data scheme or if it’s been there all along and I have never noticed it, but it’s certainly worth a peek. Figure 1 is the simple picture, just total numbers.  It’s a pretty simple story: long-term, Canadian higher education has expanded by about 460 full-time academics per year every year since 1970. 

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January 12, 2022 1 Comment

Faculty Salary Data, 2020-21

We haven’t looked at faculty salaries in awhile, so let’s do that. Getting a handle on recent faculty salary data is easy: it’s the one thing that Statscan does both rapidly and well in the higher education field.  It may take them 30 months to produce student enrolment data, and they collect no data at all about college tuition or non-academic staff, but by gum they can process university salary data in under 12 months! (Yes, this does tell you

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January 11, 2022 1 Comment
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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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