The president of the University of Regina says the institution is stopping its collection of fees for the University of Regina Students' Union's (URSU) because an auditor's report showed URSU's finances were unsustainable.

The U of R announced the move last week, with it to take effect on Aug. 31.

The URSU financial report for 2023-24 says the "union's unrestricted net assets are in a deficit position of $1,368,362 as of April 30, 2024."

U of R president Jeff Keshen said URSU has been running incr…