Athabasca sustainability report proposes actions to stave off insolvency

June 11, 2015

A report released by Athabasca University warns that the institution may be unable to pay its debt in two years unless action is taken. Interim President Peter MacKinnon cited the institution’s increased reliance on tuition, decreased government funding, caps on tuition, and employee collective agreements as sources of the financial troubles. He noted that information technology was another challenge, as the provincial education budget does not treat it as a capital expense, though AthabascaU is focused on online education. The report, produced by the AthabascaU Sustainability Taskforce, offers four options that would allow the institution to remain sustainable. Two options on the table include becoming a federation with another Alberta institution or joining an affiliation with other institutions. Athabasca Advocate