Province unveils new performance-based funding structure for post-secondary institutions

Alberta's colleges and universities will soon receive provincial funding based on the achievement of predetermined targets. Beginning April 1, funding for post-secondary institutions will be linked to performance-based outcomes. "This new model is designed to help our students succeed," said Minister of Advanced Education Demetrios Nicolaides. "This model will be non-competitive. Institutions will not compete against each other for taxpayer dollars. They will compete against themselves." Individ