For new students, applications and enrollment for 2018/2019 school year starts now. Here is a few stats to help navigate thru the financial side of the cost of university in Canada.
Cost of Tuition
Source: Statistic Canada
Tuition for undergraduate programs for Canadian full-time students was, on average, $6,571 in 2017/2018, up 3.1% from the previous academic year. The average cost for graduate programs was $6,907, a 1.8% increase over 2016/2017.
Across Canada, the increase in undergraduate average tuition fees for 2017/2018 ranged from 0.1% in Alberta to 5.5% in Nova Scotia.
Tuition fees for Canadian graduate students were unchanged in Alberta and Newfoundland and Labrador, and rose in the remaining provinces, with increases ranging from 0.8% in British Columbia to 2.8% in Nova Scotia.
Additional compulsory fees vary by institution, typically they include fees for athletics, student health services and student associations. On average, additional compulsory fees were $880 in 2017/2018. With an additional $773 on books.
Canadian University Survey Consortium surveyed more than 18,000 graduating university students from 36 Canadian universities for its 2016 annual report. The average student owed $26,819.
By knowing the fees and tuition of the university you are attending beforehand will help plan the cost of university education. Also check for eligible scholarships and bursaries as each province and university is different.
Here is the link to MoneySense : They asked 6 questions: average cost of school, books, groceries, where they received their money, how much debt etc.(They have cool infographs.)
“Anyone who stops learning is old, whether at twenty or eighty, anyone who keeps learning stays young.”
– Henry Ford