Board of Governors approves balanced budget for 2013-14

News Release Release Date: May 7, 2013 2:30 p.m.

The University of Regina’s Board of Governors approved a 2013-14 operating budget of $187 million today. This budget – the 19th consecutive balanced one for the institution – reflects the University’s continued commitment to responsible management and governance and the effective use of resources.

The 2013-14 Saskatchewan provincial budget provided a base operating grant increase to the University of Regina of 1.9 per cent plus $800,000 in funding for the third year of the University’s nursing program.

 “We appreciate the government investment in post-secondary education.  The University of Regina continues to work on reducing expenditures and balancing priorities to ensure that we are able to invest in areas of strength and maintain quality programming that serves the needs of our students,” says Paul McLellan, Chair of the University of Regina Board of Governors. 

“Internal budget reductions, together with tuition increases, have enabled us to balance the operating budget.”

Changes in tuition rates and fees within 2013-14 budget cycle include:

  • An increased tuition rate of 4.4 per cent for all undergraduate credit hours. It is of note that taking into account the Saskatchewan Advantage Scholarships and the province’s Graduate Retention Program, graduates from Saskatchewan high schools who remain in the province after university graduation will have close to no net tuition costs;
  • An increased tuition rate of 10 per cent for Master’s and PhD students, with the exception of those studying in the Levene Graduate School of Business and the Johnson-Shoyama Graduate School of Public Policy. Tuition and fees rates for all graduate-level programs will be available shortly at: http://www.uregina.ca/fs/students/fee-schedule.html; and
  • An increase in the fee for international graduate students from $800 to $1,000 per semester (the differential multiplier for undergraduate international students remains at 3).

The University of Regina’s tuition rates continue to be below the national average. 

The University has invested increased resources into teaching and research activities, and will enhance student services and student assistance from increased fundraising proceeds through the University of Regina’s trust and endowment budget. Additionally, new government-funded programs have increased student financial assistance by more than 40 per cent ($1.8 million) from the 2012-13 budget.

Full details of the comprehensive budget plan, as well as a summary of the alignment of the budget with the University’s Strategic Plan, will be available in the coming days at: http://www.uregina.ca/orp/budget.shtml.