The College of New Caledonia’s Board of Governors voted in favour Friday of raising tuition by 2 per cent for the 2012/13 academic year.
The move is estimated to generate about $100,000 for the college, which is working on eliminating a more than $2 million projected budget shortfall for next year.
“It will help somewhat, but we still have a lot of work to do,” CNC President John Bowman said. “A 2% tuition increase will work out to about an additional $5 per course or about $50 per year for full-time students, depending upon their program of studies.”
The college is working to resolve a potential $2.3 million budget shortfall for the 2012/13 fiscal year, due to rising costs and declining income from tuition revenue and status quo government funding, which was outlined in the provincial budget last month.