King’s College says it is facing $1.8-million deficit due to rising costs

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.

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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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