Fanshawe College cuts costs amid ‘uncertainty’ from federal cap on international students [Video]

Fanshawe College’s president says the Canadian government’s limitations on international student enrolment are hurting the London, Ont., school’s budget. It’s led him to cut costs in areas including workshops, travel, professional development and new hires. 

Peter Devlin announced he is seeking a provincially funded independent third-party review of Fanshawe’s financial operations to help the college proactively manage financial challenges expected in the years to come.

“For this fiscal year, Fanshawe will be able to continue supporting strategic investment. However, as we look ahead, we are anticipating significant budget challenges,” Devlin said in a video posted to Fanshawe College’s Youtube channel on Tuesday. 

“Things have shifted quite a bit and unfortunately, there is now more uncertainty than ever before. This review, expected to be funded by the provincial government, will help us take a closer look at our operations, ensuring that we stay effective while carefully managing costs.”

The spending cuts …