A Mere 900% Tuition Hike Isn’t Such a Big Deal…Is It?

10Mar11

If you are in university or college right now, imagine if your school told you that the tuition rates were going to increase by 25%. You would probably be fairly shocked and rather annoyed, opting to protest such a hike instead of stand passively by. That kind of an increase would have people up in arms, but imagine if it was higher…much higher.

The students at McGill University in Quebec were shocked when it was announced this past week that the tuition rate for the university’s MBA programme would increase by a staggering 900%. Tuition rates for the programme have increased from $1,673 per semester to a whopping $14,750. If we simply do the math here, that means that the former cost of the 2-year MBA programme was $6,692 and, now, a shiny new MBA degree from McGill University can be yours for the low cost of only $59,000.

It’s been reported that, upon learning of the reasons behind the tuition hike, many of the university’s students support the increase in the programmes tuition, as they view it as a means for privatisation of their education, allowing for a higher quality of education. While I do believe that private education may, indeed, allow for a better quality of training and information, I do not believe that it warrants a 900% increase. I mean, how many people are going to be able to afford that kind of price tag? The university claims that the increase is imperative in order for them to remain competitive with other universities offering the same programme.

Due to its unprecedented tuition elevation, McGill is being fined by the province of Quebec for (currently) an undisclosed amount, and rightly so, I think. The province has always tried to maintain a low tuition rate for its students, but this sudden decision by McGill seems to have altered the province’s reputation. To their defence, McGill has stated that they decided to privatise their business schooling programme simply to compete with other programmes from rival universities, such as University of Toronto’s Rotman School of Business, or the University of Western Ontario’s Ivey School of Business.

Although their actions may have been filled with good intentions, McGill must now brace themselves for a [hopefully rather significant] fine from the province of Quebec. Even so, based on the money they’ll be raking in from their MBA programme, I don’t think they’re too worried about it.

Perhaps the province should just show them the amount of the fine, and then increase it by 900%…

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7 Responses to “A Mere 900% Tuition Hike Isn’t Such a Big Deal…Is It?”

  1. 1 steve@bayintegratedmarketing.com

    Are they really competitive with other MBA programs in Canada? If that is true, how did they manage to be so undervalued for so many years? Either way there is a huge disconnect somewhere.

    • McGill University was rated as the top university in Canada this past year by McLeans magazine, so their programmes are rather prestigious. They are now trying to keep up with other business programmes from other universities and claim that they are unable to do so without further funds. Therefore, they have dropped government funding for the business programmes and are privatising their MBA programme in hopes of keeping up with the Jones’, so to speak.

      The problem is that the students in Quebec are used to the lowest tuition rates in the country, and now all of a sudden, there is an incredible increase to one of the most popular programmes. The MBA programme just won’t be as accessible as it once was to students…perhaps that was McGill’s intention all along.

      • A litle increase could be understandable, but 900%??? Omg, isnt this too much?

        And, will be the students able of paying this increase?
        And what´s exactly the MBA programme?

        Happy weekend 🙂

  2. Yeah, it’s just a TAD too much of an increase, Javi…lol. The students will be incurring the cost of the increase, having to pay for it out of their pockets, unfortunately.

    MBA stands for Master in Business Administration. It’s a graduate level programme that a student may enrol into after completing a Bachelor degree in another programme. It’s an extremely popular degree for those wishing to enter the business world. I wrote another blog about the MBA called “MBA: Master of Bitterness and Anxiety”. Feel free to check it out! 🙂

    Have a great weekend as well!

  3. im going right now so 🙂

    cya!

  4. I always complained about increasing rates when I was in college but always thought of it as an investment in my future. Having been out a few years, I really hope it was worth the money. Yes, I did learn a lot but I’m out many thousands of dollars that I need to recoup.

    If someone told me they were going to raise the cost of anything I use (even something as cheap but important as a toothbrush) 900%, I’d probably be more than a little upset.

    Good reporting.

    • Well, it seems as though you certainly had the right attitude; it is indeed and investment in your future. It’s only worth the money if you utlise what you’ve learnt, though. 😉

      That being said, I’m not sure I could have the same attitude had they raised my tuition by that much when I was in university. I don’t know how the MBA students at McGill are handling it so well…especially in a city where people riot if something GOOD happens (i.e. making the final round of playoffs in the NHL). Honestly, I think I’m more shocked by the lack of rioting than I am about the tuition hike. 😉

      Thanks for the comment, Posky.


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