FOREIGN STUDENT ENROLMENT IS NOW THE GREATEST SOURCE OF UNIVERSITY OF TORONTO REVENUE

Today, money from international students makes up 30% — $928.61 million — of the university’s revenue, above the 25% and 24 per cent that provincial government grants & domestic tuition provide respectively.Since 2007, the university’s operating budget has increased by 89%, corresponding with the rapid rise in the international student population. International students have become U of T’s only consistently growing source of revenue.CHINESE international students made up about 65% of the international undergraduate student population in 2018. With diplomatic tensions ongoing between Canada & China, the credit rating agency MOODY’s warned of a devastating financial impact on the university’s cash flow – if CHINESE students are pulled out of Ontario universities. – The Varsity, University of TORONTO

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