Future funding for post-secondary institutions in Ontario will depend on metrics such as graduates' earnings and employment rates.
The Progressive Conservative government announced in its recent budget that it will start tying more funding for the province's colleges and universities to performance outcomes.
On budget day, the government could not specify what criteria would be used to evaluate performance, but Training, Colleges and Universities Minister Merrilee Fullerton listed some Thursday in the legislature. Those measures will include graduation rate, graduate employment, graduate earnings, experiential learning, skills and competencies, research funding and capacity, and community impact."The funding that's going to the institutions needs to be spent effectively and efficiently and this is working towards that," she said."Other provinces are investing in education," she said. "This government is taking money away.
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