Quebec has finally followed through on a threat to punish McGill University for raising tuition for MBA students from $3,400 a year to $29,500 or 900 per cent. The university will see a $2.1 million decrease to its government subsidy until it lowers tuition fees for the program, the Canadian Press has reported. McGill announced the hike during the 2009-10 school year and did not seek government approval. Although the province had threatened repeatedly to claw back funding equivalent to what the university will gain from the increase, it was only earlier this month, that Quebec education minister Line Beauchamp indicated that she would do so. She had asked her staff to request a list of all MBA students so that the fine could be calculated.