The COU space entitlement formula uses only Fall term enrolment. We estimate that Waterloo’s space entitlement would be larger by about 30,000 net assignable square meters if all students were enrolled in regular programs. At current rates it would cost about $100 million to construct this additional space. Space efficiencies attributable to co-op have produced significant savings for the Province of Ontario, which over the years has funded a large portion of construction costs for academic space.