McGill University and Concordia University are suing the Quebec government over its plan to raise tuition for out-of-province students by about 30 per cent.
The value of the award will depend on high school students' average grade at the time of admission to Concordia, ranging from $1,500 for a B-minus to $4,000 for an A-plus.
The university says roughly 80 per cent of Canadian undergraduate students who apply to the university would be eligible for the award, beginning in the 2024-2025 school year.
Officials at McGill estimate the university could lose between $42 million and $94 million per year depending on how the measures impact the recruitment of students.