Released on April 10, 2018
The 2018-19 Budget maintains operating grants to Saskatchewan’s universities, colleges and technical schools. The Ministry of Advanced Education’s 2018-19 Budget of $729 million reflects the government’s plan to invest in programs and services Saskatchewan people value. This year’s post-secondary education budget represents an increase of 1.5 per cent.
Key highlights of the 2018-19 Advanced Education budget include:
“Strong post-secondary institutions are the heart of a strong post-secondary system,” Advanced Education Minister Tina Beaudry-Mellor said. “Education is the engine that drives our knowledge-based economy. A stable post-secondary sector is a critical piece of our plan to keep Saskatchewan on track.”
- Maintaining operating grants to the institutions at their 2017-18 levels;
- Restoring $5.0 million in funding to the University of Saskatchewan, which partially addresses an adjustment to the University’s budget in 2015-16;
- Funding of $87.8 million for the College of Medicine at the University of Saskatchewan to ensure a successful College that provides quality medical education; and
- Increasing capital funding by $900,000 for repairs and maintenance.
The government will demonstrate its strong support for post-secondary education by providing more than $673 million in operating and capital grants to post-secondary institutions, including:
“No one benefits more from stable funding for post-secondary institutions than the students who study in those facilities,” Beaudry-Mellor said. “If we want our students to excel in Canada and around the world, they need to have confidence they’re receiving a high-quality education at home.”
- $470 million to the University of Saskatchewan, the University of Regina and the federated and affiliated colleges;
- $151 million to Saskatchewan Polytechnic, the Saskatchewan Indian Institute of Technologies, and Gabriel Dumont Institute;
- $30 million to Saskatchewan’s regional colleges; and
- More than $22 million for capital repairs and maintenance throughout the post-secondary sector.
Students will also benefit from $34 million in direct financial supports, including:
In addition, students continue to receive benefits after their studies through the Graduate Retention Program, which provides Saskatchewan income tax credits of up to $20,000 for tuition fees paid by graduates who live and work in Saskatchewan.
- $22 million to support the student loan program, which will provide repayable and non-repayable financial assistance to an estimated 16,000 students;
- Up-front grants which provide up to $4,000 per year in combined federal and Saskatchewan assistance for a typical full-time student; and
- $12 million for scholarships, such as the Saskatchewan Advantage Scholarship and the Saskatchewan Innovation and Opportunity Scholarship.
Over more than a decade, the province has invested $9.1 billion in post-secondary institutions and student supports.
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