Techno-News Blog

June 25, 2015

Athabasca University faces insolvency, president reassures students

Filed under: Uncategorized — admin @ 12:15 am
by the CBC
Alberta’s online university is facing a financial crisis, but the president is reassuring students that the institution will not be closing down. According to an internal report, Athabasca University (AU) will be insolvent in two years. The report was prepared by a task force struck by Peter MacKinnon, the interim president of the university. Enrolment demographics are behind the university’s troubles, MacKinnon said. ┬áProvincial funding has dropped from covering 80 per cent of operating expenses at Athabasca to closer to 30 per cent. The rest comes from student tuition. And with more and more universities offering online learning, there is even more competition for students.

Athabasca University faces insolvency, president reassures studentsAlberta’s online university is facing a financial crisis, but the president is reassuring students that the institution will not be closing down. According to an internal report, Athabasca University (AU) will be insolvent in two years. The report was prepared by a task force struck by Peter MacKinnon, the interim president of the university. Enrolment demographics are behind the university’s troubles, MacKinnon said. ┬áProvincial funding has dropped from covering 80 per cent of operating expenses at Athabasca to closer to 30 per cent. The rest comes from student tuition. And with more and more universities offering online learning, there is even more competition for students.http://www.cbc.ca/news/canada/calgary/athabasca-university-faces-insolvency-president-reassures-students-1.3111420

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