Revenues and expenses
• In 2012-13, college system revenues totaled almost $3.7 billion. Grant revenue from all sources accounts for half of college system revenue.
• College system expenses amounted to about $3.5 billion. Like other organizations in both the public and private sectors, salaries and benefits are by far the largest expense item for colleges.
Trends in college funding
• In 2013-14, real operating funding per student (FTE) was about five per cent higher than in 1998-99 – but 16 per cent lower than during the peak in 2007-08.
• Per student revenue from operating grants and tuition fees for Ontario colleges continues to be the lowest among the provinces. Funding per student for Ontario colleges continues to be significantly lower than that for secondary schools and universities.
• Space per student is much lower for Ontario colleges (90 square feet per student) in comparison to universities and secondary schools.
• In current dollars, the apprenticeship per diem has decreased slightly since 1998-99. However, after inflation is taken into account, the per diem has decreased by 28 per cent. The student in-school fee, which was implemented in 2002-03, has not been increased since its introduction.
• Colleges employ more than 43,000 people. From 1997-98 to 2012-13, the number of full-time staff employed at colleges increased by 28 per cent, while enrolment increased by 31 per cent.
Student financial aid
• In 2012-13, almost 125,000 college students were OSAP recipients. This represents about two-thirds of the total full-time post-secondary enrolment.
• The default rate for student loans for all post-secondary institutions in 2012 was 9.8 per cent. For the college system, it was 13.4 per cent.