Mohawk College in Hamilton, Ont. says it’s predicting a “worst-case scenario” for the school’s finances amid the novel coronavirus pandemic.
In a statement on Thursday, the school projected a $50 million loss connected to current college enrolment trends over the next academic year. “The effects of the pandemic have had an impact on many organizations and, as a result, the college has begun the difficult but necessary work of revising its 2020/21 budget,” the school said in a press release. “The new 2020/21 budget will go to the board of governors for approval after it is completed in mid-June.” President and CEO Ron McKerlie told Global News that the shortfall is just a “bump in the road” and the school is expected to recover from it. “We