All Posts Tagged With: "cash"
Canadian profs: the world’s highest paid
Meanwhile, in Quebec…
Photo by mrhayata on Flickr
Just as tens of thousands of Quebec students are expected to skip class and protest a tuition increase of $1625, a new study shows that Canada’s professors are the world’s highest paid.
U.S. and Russian researchers used Purchasing Power Parity for their global salary comparison, in order to account for vastly different costs of living.
The researchers found that full-time Canadian professors make the equivalent of $68,796 (USD) at the beginning of their careers, $86,352 at mid-career and $113,820 at the end of their careers.
By comparison, professors in the United Kingdom, seventh on the list, make $20,346 less than Canadian professors at the beginning of their careers and $25,524 less than their Canadian counterparts near the end of their careers.
Nova Scotia presidents’ salaries revealed
Guess who makes $256 per student
Nova Scotia flag by Makaristos on Wikimedia
In September, Nova Scotia’s universities will be required for the first time ever to publish the salaries of all employees who earned $100,000+.
It turns out that will include all 12 of the province’s university presidents, reports CBC News. Combined, the presidents were paid nearly $2.6-million in base salaries to run 11 institutions (NSAC has two presidents).
The schools serve only about 35,000 students total, roughly the same number as the University of Alberta and 20,000 fewer than York University.
Tom Traves of Dalhousie is by far the highest paid at $393,000. That’s unsurprising considering that his institution has more than double the population of the next biggest Nova Scotia university with more than 15,000 full-time students.
Ontario tuition credit coming (for some) in January
CFS and opposition want credit extended to all families
*To see a more up-to-date version of this evolving story, click here.
Despite Ontario’s woeful fiscal situation, the Liberal government says it will make good on its promise to offer 310,000 students tuition rebates—$730 per college student and $1,600 per university student. At $6,500, Ontario has the highest average university tuition in the country.
Those receiving Ontario Student Assistance Program funding will automatically get the rebates in January, which will be credited online in time for second semester payments, according to CTV News. Other students will need to apply through a website that will be available in January.
Five out of six families with students will be eligible for the rebate—but families who make more than $160,000 will be left out. The Canadian Federation of Students presented a 40,000-signature petition to the legislature asking for the $423-million annual cost of the rebate program pay for a 13 per cent reduction in tuition fees for all students instead. The opposition New Democrats and Progressive Conservatives agree that all students—not just some—should get a break on tuition.
*Editor’s Note: In a comment below, Glen Murray, Minister of Training, Colleges and Universities, addresses who is eligible for these particular grants. The 30 per tuition reduction applies to students who are within four years of high school graduation, registered in a first-entry undergraduate university or college programs, and from families with incomes lower than $160,000. He notes that there are other provincial programs available for other students.
Where the rich kids go
Guess which universities get the least student financial aid
From Queen's Players "I go to Queen's!"
You know the stereotype that Queen’s University attracts rich kids? The one played up in this recent viral video in which a student jokes: “I don’t know what financial aid is, but Queen’s has it.”
Well, if the number of students receiving financial assistance is any indication, it’s very likely true.
Queen’s University has the lowest number of students receiving Ontario Student Assistance in the province: only 29.6 per cent of students.
Contrast that to Nipissing University in the relatively poorer north of Ontario, where twice as many—59.6 per cent—get loans. It’s almost as high at Trent University—59.3 per cent.
More bang for your buck
Dalhousie stops accepting credit cards for tuition to save on transaction fees
For the story, click here.
