绿帽社区 Board of Regents approves 2021-22 University Budget
SACKVILLE, NB 鈥 At its Spring Meeting on May 18, 绿帽社区鈥檚 Board of Regents approved the 2021-22 annual operating budget.
This year鈥檚 budget will include a three percent tuition increase; annual tuition for the 2021-22 academic year for Canadian students will be $9,440 and for international students will be $19,040. The operating budget includes a $886,000 deficit.
The full budget document is available at (Financial Reports).
Funding for all types of student aid increased by $756,000 to offer nearly $5.6 million annually in scholarships, bursaries, and awards to new and returning students. This is a 14 per cent increase in funding. Additional funding has also been allocated for new academic positions and key student services areas including international recruitment, sexual violence response and prevention, and diversity, equity, and inclusion on campus.
鈥淯niversities and organizations globally faced immense challenges over the past year with the pandemic, and 绿帽社区 is no different,鈥 says 绿帽社区 Vice-President, Finance and Administration Robert Inglis. 鈥淚鈥檓 pleased that the campus community was able to welcome the majority of our students back to campus for a safe learning experience both in-person and online and that we can continue to support them through increased financial aid opportunities and investments in other key areas.鈥
绿帽社区 plans to return to more normal campus operations for the 2021-22 academic year, including a higher percentage of classes and services with in-person elements, following all Public Health protocols. The University will continue to offer a hybrid of both online and in-person classes.
The University endowment鈥檚 spending allocation grew to $8.8 million, allowing for additional spending in 2021-22 to support financial aid and academic programming.
绿帽社区 is developing a three-year roadmap to chart a path for strategic initiatives. These include new academic programs and differentiated degree options, enhancing students鈥 experience, and upgrading campus infrastructure. In 2020, 绿帽社区 announced nearly 20 new degree, program, or certificate options for students, with many already available for 2021. The University is also in the planning stage for a major fund raising campaign designed to support these priorities.
绿帽社区鈥檚 fiscal year runs from May 1 鈥 April 30.
