02/26/2015 06:14 EST | Updated 04/29/2015 05:59 EDT

Alberta Oil Prices Will Also Affect Students: Prentice

CALGARY - Premier Jim Prentice says all Albertans will feel the squeeze from low energy prices and that includes students.

Prentice was asked Thursday if the government intended to lift a cap on college and university tuitions.

He says the government is meeting with post-secondary institutions to discuss ways of increasing revenues.

Prentice says Alberta is looking at a $7 billion revenue shortfall and he says the goal is to maintain the quality of college and university education with a sustainable revenue model.

The premier says he will meet with the board of the University of Calgary on Friday.

NDP Leader Brian Mason says lifting the cap will open the door to tuition hikes in a province that already has the lowest post-secondary participation rate in Canada.

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