Conestoga College plunged into a $33-million operating deficit in the fiscal year that ended March 31, after $323 million in tuition evaporated with the collapse of foreign enrolment, new documents show.
An additional $129 million in tuition will evaporate by next March with the departure of two-thirds of foreign students who remain, the Kitchener-based community college is now forecasting.
This may put more jobs at risk after the college axed an estimated 2,750 positions including administrators, faculty and support staff.
