 |
|
 |
|
Financial Data
Demonstrating its own commitment to support deserving students, U of G has increased its spending on student assistance since 1995/96 by over 350 per cent to $15.8 million in 2001/02. In addition to the scholarships and bursaries, the University provides approximately $1M in assistance through the Work Study Program and Summer Research Assistantship Program. The University provides employment opportunities for nearly 3,200 of its students generating $25 million in salaries.
Tuition Revenue and Student Assistance Increases Since 1995/96, the University’s financial assistance commitment has grown at a much faster rate than tuition fees. Over that period, average tuition fees per FTE student have increased by 46% while student assistance measured similarly has increased by 240%.
More Productive Use of Resources Over the last decade, the University of Guelph has undergone extensive restructuring and consolidation of administrative functions. We can now boast that we are among the least costly universities in the province in terms of the percentage of institutional expenditures associated with the University’s major central administrative operations (e.g. executive offices, financial and administrative services, human resources, board and senate secretariat, investment management, space planning etc.) as defined by the Council of Ontario Financial Officers – Universities of Ontario.
As the largest public sector employer in the City of Guelph, U of G's local economic impact is about $673 million.
|
