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Olds College is suspending select program intakes this fall, after projecting an approximate $5.1 million loss of student tuition revenue for the 2025-2026 budget.
The decision comes after changes by Immigration, Refugee and Citizenship Canada (IRCC) that reduced international student enrolment, and a decline of operational grant funding from the provincial government.
To mitigate the losses, intakes into Hospitality and Tourism Management, Craft Beverage and Brewery Operations, and Agriculture Technology Integration have been suspended for the fall term.
Intakes into the Business Management Diploma three-day cohort on campus and the Business Management Diploma at Concordia University College have also been suspended.
The decision was made after consideration of Olds College’s long-term sustainability, analyzing enrolment projections for the coming academic year, historical enrolment trends, and workforce needs.
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“Olds College remains committed to providing high-quality education, experiences, and support to our students,” said Debbie Thompson, Interim President, of Olds College. “In order to navigate the growing demands and complex issues in the post-secondary system, we’ve been reviewing our program mix to ensure we align with industry needs, student demand, and institutional priorities to ensure long-term stability for Olds College. The educational journey and success of our students remain our top priority.”
The impacted programs are not immediately discontinued. No new students will be admitted, but Olds College will be “teaching out” the programs by offering second-year courses to current students as they complete their studies and graduate.
The program intake suspensions are the first step in addressing the financial challenges facing Olds College.
The budget development process will continue throughout March and April, and include a comprehensive review of college operations, programs, and services.
**With information provided by olds College
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