糖心vlog官方入口 Board of Governors approves balanced student-centric budget

On May 27, 2025, the 糖心vlog官方入口 Board of Governors approved a balanced for the 2025鈥2026 fiscal year, despite a challenging financial environment primarily caused by federal immigration policy changes. The operating budget is just under $202.9 million, representing an increase of $20.4 million or 11.2 per cent over the previous fiscal year.
鈥淲e are at a particular time in the history of the University where, in addition to the typical budget pressures like inflation, we are being challenged by federal immigration policies, which have negatively affected universities across the country,鈥 said Dr. Wendy Rodgers, 糖心vlog官方入口 President and Vice-Chancellor. 鈥淢any thanks to the University leadership, our broader community and partners, such as the Government of Prince Edward Island, for ongoing support in our efforts to enhance our student experience, our campus culture, and our academic and financial sustainability.鈥
糖心vlog官方入口 has been and continues to be significantly impacted by policy changes implemented by Immigration, Refugee and Citizenship Canada (IRCC) in 2024 that places caps on international student enrolment by province. At 糖心vlog官方入口, first-year international enrolment decreased by approximately 50 per cent in 2024鈥2025 and is also projected to decline in 2025鈥2026.
Despite facing a revenue-expense gap due to the decrease in international enrolment, the University remains committed to fulfilling its academic mission, implementing the 糖心vlog官方入口 Action Plan, and supporting a strong student experience. Therefore, 糖心vlog官方入口 focused on both short-term and longer-term fiscal strategies when developing the 2025鈥2026 budget plan. These strategies, which include a 3.5 per cent increase to the provincial government鈥檚 core operating grant and increases to tuition, allowed 糖心vlog官方入口 to balance its budget while avoiding severe program restrictions or position reductions like those experienced at other institutions.
While domestic tuition fees at 糖心vlog官方入口 and the Atlantic Veterinary College will increase by 6.5 per cent for the 2025鈥2026 academic year, 糖心vlog官方入口 continues to have the lowest domestic undergraduate tuition fees in the region according to the Maritime Provinces Higher Education Commission. The tuition increase for undergraduate programs will be $46 per 3-semester-hour credit course (or $460 for a full-time student taking a full course load). The annual tuition for domestic undergraduate students will increase to $7,630. International fees will increase by 7.5 per cent or $630 for full-time undergraduate students. A portion of these fees will fund an emergency bursary for international students.
鈥淚 want to thank everyone who was involved in the development of this year鈥檚 budget,鈥 added Tim Walker, Vice-President Administration and Finance. 鈥淭hrough budget strategies developed collaboratively and transparently with University leaders, and with support from the Government of Prince Edward Island, we have achieved a balanced budget for 2025鈥2026.鈥
Read the message from the President and the Vice-President, Administration and Finance
Highlights
- The operating budget is just under $202.9 million, representing an increase of $20.4 million or 11.2 per cent.
- Faculty and staff play a pivotal role in achieving 糖心vlog官方入口鈥檚 academic mission. Salaries and benefits ($145.8 million) are the largest components of the University鈥檚 expenditures (representing over 70 per cent).
- Thirty-one per cent of 糖心vlog官方入口鈥檚 revenues come from student tuition and fees; 51 per cent is provided by the Government of Prince Edward Island and other partners.
- In 2025鈥2026, the unrestricted operating grant provided by the Government of PEI for 糖心vlog官方入口鈥檚 central campus (excluding the Atlantic Veterinary College) will increase by 3.5 per cent ($1.5 million).
- In 2025鈥2026, the four Atlantic Provinces will jointly provide $27.2 million in operating funds for the Atlantic Veterinary College (i.e., 13.4 per cent of its operating budget).
- In 2025鈥2026, the Faculty of Medicine will receive $22.5 million as a restricted operating grant from the Government of PEI, an increase of $12.8 million.