The Toronto Sun reports that Canada’s universities and colleges must radically transform the way they do business or they will fail, according to a new study. Government belt-tightening, market weakness and falling private donations mean there are fewer funds available to the higher education sector, Deloitte Canada said Tuesday.

“As funding dries up, some universities are heading into debt for the first time,” says Louise Upton, partner and Canadian Higher Education leader at Deloitte. “This is constraining dollars for classroom delivery and research, creating tension among different departments for scarce financial resources.”

Click here for the full story

About the Author:

Meris Stansbury

Meris Stansbury is the Editorial Director for both eSchool News and eCampus News, and was formerly the Managing Editor of eCampus News. Before working at eSchool Media, Meris worked as an assistant editor for The World and I, an online curriculum publication. She graduated from Kenyon College in 2006 with a BA in English, and enjoys spending way too much time either reading or cooking.

Add your opinion to the discussion.