The president of University of King’s College says the school needs to change how it operates as it faces a $1.8-million deficit.
President Bill Lahey says the Halifax university is in a precarious financial situation that he is working to change.
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The school’s student union posted on their Instagram page on Nov. 25 that King’s College was in a financial emergency and could run out of internal savings by 2026-27.
Lahey denies the school is in danger of running out of savings in 2027, but confirms it is coping with rising salaries and operating costs.
Lahey says the school is also being affected by a drop in enrolment from both domestic and international students.
Ellie Anderson, president of the student union, says she is concerned for future students and their university experience.
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