Despite significant cuts by the federal government to the numbers of international students allowed entrance to post-secondary institutions, Loyalist College ended its fiscal year in solid financial shape.
Loyalist’s Board of Governors recently approved its 2023-24 financial statements which included an in-year surplus of $7.5 million.
President Mark Kirkpatrick says Loyalist’s financial stability comes from careful planning and good investment strategy.
Meanwhile, in the 2024-2025 business plan, Loyalist will focus expanding its equity, diversity and inclusion program, bringing on new academic programs and investing in student housing.
