Ontario colleges are facing a significant financial crisis after a roughly 50 per cent cut in the number of international students permitted to study in the province. The visa policy changes have led to sharp drops in enrollment, disproportionately affecting colleges compared to universities. The situation is raising concerns about the long-term viability of many institutions that had come to rely heavily on international tuition revenue.
From the source
A roughly 50 per cent reduction in the number of overseas students who could study in Ontario hit colleges hardest, with a drop in enrollment and a growing financial crisis.