UPEI tuition to go up 3%

The University of Prince Edward Island Board of Governors has approved a tuition increase of three per cent for 2015-16, as part of the preparation for a balanced budget for the coming year.

The budget is assuming a funding increase from the province of 1.6 per cent. In a news release, the university said there would be no layoffs, but some vacant positions will not be filled.

The total budget for UPEI is $107 million. The grant from the provincial government is the school's largest single source of revenue.

The core operating grant from the province has been unchanged since the 2012-13 budget, at $30,269,600.

The tuition increase will be used to cover a number of increased expenditures, in the expectation of flat enrolment numbers.

• Normal inflationary effects.
• Salary increments.
• Pension commitments.
• Benefit costs.
• Heat.
• Electricity.
• Deferred maintenance.