UPEI Sees Provincial Budget as Investment in Education and Island's Future
UPEI Students Big Winners in Provincial Budget: Tuition to Fall by 10 per cent.
Tuition will fall by 10 per cent at the University of Prince Edward Island as a result of the April 10, 2007 provincial budget.
"Yesterday's budget means that UPEI undergraduate students and their families will benefit from tuition costs that are $1,200 below the average for Maritime universities," says UPEI President Wade MacLauchlan. "These commitments mean that UPEI will be an even more attractive value proposition for students, and that higher education is a clear winner in this budget."
In addition to providing funding to enable a reduction in undergraduate tuition, the budget:
---provides increased funding for UPEI's main campus operating budget of $1.4 million,
---indicates a commitment to provide future funding to limit tuition increases to two per cent annually,
---increases the value of Island Student Awards to $2000, over four years, with increases to $800 in each of third- and fourth-years, and
---enhances funding for student loans and increases income tax deductions for higher education.
"This budget will allow UPEI to continue offering a top-quality education in an affordable, accessible manner," says MacLauchlan.
UPEI has experienced a dramatic rise in overall reputation and research rankings among Canadian universities, provides more than $2 million annually to students through scholarships and awards, and continues to successfully recruit and retain award-winning faculty. Eight 3M Teaching Fellowships (the top teaching award in Canada) have been awarded to Maritime universities since 2000. Half of these have gone to faculty at UPEI.
UPEI is committed to excelling in the delivery of outstanding educational opportunities, leading in innovation, and producing the success stories and leaders of tomorrow. With a student body of more than 4,000 full- and part-time students, more than 700 full-time faculty and staff, and over 16,000 alumni, UPEI is a dynamic institution known for its momentum, synergy and results.
