Higher education in British Columbia
In the report, "Campus 2020: Thinking Ahead", the creation of a Higher Education Price Index is recommended to reflect education costs so that each institution can set its own tuition levels independently, but subject to the limits imposed by the provincial government. Regarding the issue of funding higher education in British Columbia, "research-based allocation" of resources will increase the efficiency of these funds. In relation to the system, more funding is necessary to focus on the specific targets of post-secondary achievement by progressively introducing outcome and performance measurements and accountability into the budgeting process.
Higher education in British Columbia
Since de-regulation tuition fees have increased, doubling on average for undergraduate students and nearly tripling for graduate and international students. In 2005, the provincial government re-regulated tuition fees, capping increases to the rate of inflation. The government also altered its student aid provisions, eliminating student grants while enhancing loan remission. As a result, with funding falling short of institutional needs, operating costs of post-secondary institutions were shifted on to students via tuition increases, through the sale of endowment lands to developers for market housing, or relying more on corporation and private donations to maintain programs and build or restore facilities.