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The University of Waterloo traces its origins to Waterloo College (present-day Wilfrid Laurier University), the academic outgrowth of Waterloo Lutheran Seminary, which was affiliated with the University of Western Ontario since 1925. When Gerald Hagey assumed the presidency of Waterloo College in 1953, he made it his priority to procure the funds necessary to expand the institution. While the main source of income for higher education in Ontario at the time was the provincial government, the Ontario government made it clear it would not contribute to denominational colleges and universities.

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