Logo courtesy of Loyalist College.
This week we spoke with Loyalist College President and CEO Mark Kirkpatrick, following a virtual staff meeting that was held on Wednesday.
Loyalist College has been in the news a fair bit this year.
In February, Kirkpatrick spoke to local councils, bringing them up to speed about the impact that reduced international student numbers will continue to have on the College.
Loyalist announced a 30% cut in its programs as of Fall 2025, including Culinary. Staff was also reduced by 20%.
Towards the end of the summer, the College published its Annual Report for 2024-2025. The independent auditor KPMG, identified that the College could deplete its cash resources before March 31, 2026. It was also revealed that the province would provide up to a $25 million emergency loan.
This week, Kirkpatrick has put some rumours to rest. Noting that Loyalist is not in any discussions to merge with another community college, and intends to look ahead.
Loyalist is facing a $14 million deficit this fiscal year, on top of a $10 million shortfall for next year. Kirkpatrick noted that with plans in place, Loyalist is on track to be in a cash-positive position in 2027-2028.
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