College tuition could rise

If you have a college bound kid be prepared to pay more.

A new consultant's report obtained by the Globe and  Mail paints a not so rosy financial picture at Ontario colleges.

The report says colleges will have to cut staff, deliver more online courses, and increase tuition if they want to survive a decade of declining enrollment.

The authors of the report recommend raising tuition by five percent, which works out to $200 more per student per year.

Provincial officials say regardless they won't bail colleges out.

They note changes coming in the fall to the Student Assistance Program will encourage more people, from other sectors, to go to college and will make up for the decline in the number of young people.

The report comes as a pay freeze for top college administrators comes to an end.

A compensation package recently filed by colleges recommends some senior staff get pay hikes as high as 50 percent.