Almost 2,300 more high school students than last year have applied to enter Ontario's universities this September.

Numbers released Monday show 86,500 students have sent in applications to the Ontario Universities' Application Centre.

That's an almost three per cent increase over last year.

The number of mature, returning and international students sending in university applications is also almost three per cent higher compared to last year.

Those people still have time to apply, but could add up to an additional 45,000 prospective students by the end of their application cycle in September.

There has been concern that Ontario's Grade 12 students will face heavier competition for university and college spaces as those laid off because of the shaky economy seek to go back to school.

Bonnie Patterson, President of the Council of Ontario Universities, says governments will have to invest more in universities in order to have enough graduates to fuel the so-called "knowledge economy" of the future. Since 2000, there has been a 46.2 per cent increase in applications to Ontario universities.