University of Toronto undergraduate tuition subsidizes some professional faculties - Murad Hemmadi, the Varsity

U of T’s total budget is set to cross the $2 billion mark for the first time in 2014–2015, according to a report presented to the Business Board of Governing Council on Monday, March 3. Buried in that figure is over $40 million in within-university subsidies that will be transferred from undergraduate-heavy divisions of the university to graduate-heavy and revenue-poor divisions. UTSC and the Faculty of Applied Science and Engineering give up the equivalent of 9.72 per cent and 6.94 per cent of their academic expense budget, respectively, through a budget mechanism called the University Fund. The Faculties of Dentistry and Forestry are among the net-recipients, taking in 32.83 and 72.10 per cent of their academic expense budgets respectively via the Fund (see table below). http://thevarsity.ca/2014/03/10/undergraduate-tuition-subsidizes-some-professional-faculties/