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Mc Guinty Government Announces Quality Investment in Toronto's Colleges and Universities
February 8, 2006
$57.2 Million Investment Helps Hire More Instructors,
Increase Student Resources
TORONTO — Students at colleges and universities in the greater Toronto area will have more teachers, learning resources and other supports due to more than $57.2 million in additional funding from the McGuinty government’s new Quality Improvement Fund, Chris Bentley, Minister of Training, Colleges and Universities, said today.
“Our students are the most valuable asset we have for strengthening Ontario’s economic advantage and ensuring our future prosperity,” said Bentley. “This new funding is providing students in the GTA with a higher quality education and improvements that they are benefiting from immediately. The accountability process means that the investments are tied to improvements."
GTA colleges and universities receiving funding, which will promote more student contact with professors and help meet students’ expectations both in and out of the classroom, are:
University of Toronto – almost $16.5 million to help hire 113 new faculty members and 240 support staff
Ryerson University – more than $8.3 million to help hire 41 new faculty members and 42 support staff
Seneca College – more than $8 million to hire 19 new full-time faculty and 11 support staff
Humber College – more than $6.8 million to help hire 10 new full-time faculty and 15 support staff
George Brown College – more than $5.8 million to help hire three new full-time faculty and 27 support staff
Sheridan College – more than $5.8 million to help hire nine new full-time faculty and five support staff
Centennial College – $5.2 million to hire full-time faculty and support staff
Ontario College of Art and Design – $730,735 to help hire 13 new faculty members and five new support staff
In 2005-06, Ontario colleges will receive $87.3 million and universities will receive $124.2 million from the Quality Improvement Fund. To qualify for funding, colleges and universities must sign accountability agreements that spell out the improvements to be made and the results to be achieved.
The fund is part of the McGuinty government’s Reaching Higher plan, which will invest $6.2 billion more into the province’s postsecondary system over the next five years. The goal of the plan is to improve quality, accessibility and accountability in postsecondary education.
“After more than 10 years of under-funding and neglect by previous governments, the McGuinty government is rebuilding the foundations of learning so that our postsecondary students get the very best education possible,” said Bentley.
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