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Planning for the future on solid foundation

Planning for the future on solid foundation

Mark Kirkpatrick, President and CEO of Loyalist College. (Photo: Loyalist College)

Despite significant cuts by the federal government to the numbers of international students allowed entrance to post-secondary institutions, Loyalist College ended its fiscal year in solid financial shape.

Loyalist’s Board of Governors recently approved its 2023-24 financial statements which included an in-year surplus of $7.5 million.

President Mark Kirkpatrick says Loyalist’s financial stability comes from careful planning and good investment strategy.

Meanwhile, in the 2024-2025 business plan, Loyalist will focus expanding its equity, diversity and inclusion program, bringing on new academic programs and investing in student housing.