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Quinn said regular operations will continue at the college with no disruptions, and Franklin — who previously served as president and CEO of Colleges Ontario, the association representing Ontario's 24 public colleges — is expected to restore "responsible fiscal decision-making."

The move comes after an extensive audit revealed "egregious financial decisions" that lacked appropriate oversight by the college's board, including the approval of a 55-per-cent salary increase to more than $636,000 in 2024 for a former president, the province said

The audit also uncovered that three senior leaders at the college took a $23,000 trip to Italy and other similar trips, where the school paid for business class airfare, luxury accommodations and premium transportation, it said.

There were also "repeated, ineligible hospitality expenses," such as a $1,300 staff dinner where half of the pre-tax bill was alcohol, it said.

The government is looking into options to see if it "can bring that money back," Quinn said. 

No other post-secondary institutions are under similar audits right now, the minister said, adding the government believes Conestoga is "an outlier."

The province said in a statement that the "pattern of irresponsible decision-making" at Conestoga "has led to upheaval for students, staff and the local community, including the layoff of more than 500 employees, one of the largest layoffs in Ontario’s college sector to date."

Conestoga College laid off hundreds of employees earlier this year following declining international student enrolment due to a federal cap of number of international students.

This report by ¹ú²úÓÕ»ó¸£Àû was first published May 7, 2026.