TITLE

University finance

PUB. DATE
July 2003
SOURCE
Infomat: A Weekly Review;7/25/2003, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
Canadian universities collected record-high revenues in 2001-02, and for the first time in 15 years, revenues from public sources increased at a faster rate than those from private sources. Canadian universities took in $16.9 billion in the academic year 2001-02, up 4.6 percent from the previous year in constant dollars, the fifth straight annual increase. Revenues from public sources, grants and contracts from all levels of government advanced 5.6 percent to nearly $9.4 billion. In contrast, revenues from private sources grew a more modest 3.4 percent to $7.6 billion. A 6.5 percent increase in revenues from student fees contributed to the gain from private sources. From 1991-92 to 2001-02, revenues from student fees have slightly more than doubled.
ACCESSION #
10376356

 

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