Canadian college faces $32 million loss due to international student cap

Algonquin College in Canada is bracing for a significant financial setback as recent policy changes by Immigration, Refugees, and Citizenship Canada (IRCC) limit international student permits. President and CEO Claude Brule revealed a projected $32 million revenue shortfall, with international student enrollment expected to fall short of budget targets by nearly 2,400 students in 2024. The new IRCC guidelines have rendered approximately 65% of Algonquin’s programs ineligible for post-graduation work permits, further complicating recruitment efforts. This situation highlights Canadian post-secondary institutions’ broader challenges as they grapple with policy shifts affecting international education.