Summary of the Saskatchewan Post-Secondary Funding Agreement
Here’s a breakdown of the key points from the provided text regarding the new multi-year funding agreement between the Government of saskatchewan and its post-secondary institutions:
key Features:
* Duration: April 1,2026 – March 31,2030 (four years)
* funding increases: Annual operating grants will increase by 3% each year,on top of a permanent 1% increase already planned for 2025-26.
* Tuition limits: Tuition increases will be capped at 0-3% annually, down from the previous 4% limit.
* Accountability: Institutions will submit accountability reports demonstrating progress in key areas.
* Memorandum of Understanding: Each publicly funded institution will sign a joint MOU with the government.
Benefits Highlighted:
* Predictability & Stability: the agreement provides financial certainty for institutions, allowing for better long-term planning and resource allocation.
* Student Affordability: Lower tuition increase limits help make post-secondary education more accessible.
* Quality Education: Funding supports institutions in maintaining and improving the quality of education.
* Economic impact: The government believes the investment will strengthen Saskatchewan’s economy and workforce.
* Support for Diverse Institutions: The agreement benefits universities, polytechnics, regional colleges, and Indigenous-focused institutions (SIIT).
Quotes from Leaders:
* Ken Cheveldayoff (Advanced Education Minister): Emphasized the government’s commitment to post-secondary education and its role in shaping Saskatchewan’s future.
* Peter Stoicheff (University of Saskatchewan President): Highlighted the agreement as a strong signal of confidence and a important return on investment for the province.
* Dr. Jeff Keshen (University of Regina President): Praised the collaborative spirit and the positive impact on students.
* Dr. Larry Rosia (Saskatchewan Polytechnic President): Appreciated the financial predictability during a challenging time for post-secondary institutions, particularly regarding international students.
* Dr. Eli Ahlquist (North West College President): Underscored the importance of stable funding for strategic planning and delivering tailored education in communities.
* Riel bellgarde (SIIT President): Connected the funding to economic reconciliation and meeting the long-term labor market needs of Indigenous communities.
In essence, this agreement is designed to provide a stable and supportive habitat for post-secondary education in Saskatchewan over the next four years, benefiting both institutions and students.
