Schools are heading for a more drastic decline than the 35 per cent intended cut in study permit applications for universities and colleges.

The actual number is 45%, but the feds only projected 35%.

The new policy limits the number of student visa applications the government would accept into processing, and it’s expected that will result in a 35 per cent drop in the number of students in 2024 compared to last year. Source

Here is the history of why universities started relying so heavily on foreign student enrollment (non-paywall link - https://ghostarchive.org/archive/dh065 )

Canadian universities are expected to see international student enrolment dropping by at least 45 percent from last year, a more drastic decline than the 35 percent

They are expecting to see a 45% decline. Based on the wording, it looks to be projections rather than actual numbers?

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