UPEI releases 2015–16 budget with 3% tuition increase

June 1, 2015

The University of Prince Edward Island's board of governors has approved its 2015–16 operating budget. Among the challenges faced in the budget were flat enrolment numbers, inflationary effects, and deferred maintenance costs. The balanced $107 M budget includes a 3% tuition increase while sustaining core programs and services. With an average increase of $170 per year per student, UPEI's tuition remains among the lowest in the Maritimes. Administrators focused on developing a budget that would have a minimal impact on the institution's workforce, and was able to maintain a 72% allocation to salaries and benefits through vacancy management and attrition. UPEI News Release | CBC | Full Budget