The Canadian government’s recent decision to cap study permits for international students is beginning to affect educational institutions, with Sheridan College in Ontario suspending 40 academic programs and reducing staff due to an anticipated 30% drop in enrollment for 2024.

Key Points:

Suspended Programs:

• Affected faculties include animation, arts & design, business, health & community studies, and science & technology.
• Current students in these programs can still graduate, but no new enrollments will be accepted.

Financial Impact:

• Sheridan College expects a $112 million revenue loss next year.
• Ontario’s colleges project a $3.1 billion loss over the next two years due to declining international student numbers.

 Broader Implications:

• Study permit approvals for 2024 will be reduced by 35%, capped at 360,000 permits, as announced by Immigration Minister Marc Miller.
• This policy is part of efforts to address Canada’s housing crisis and rising cost of living.

Other Institutions Affected:

•  Seneca Polytechnic has temporarily closed its Markham campus due to similar challenges.
• The new policies aim to manage housing pressures, but they’re creating ripple effects across the education sector, impacting institutions heavily reliant on international students for revenue.

If you’re planning to study in Canada, stay informed about these changes and explore your options to ensure a smooth application process.

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