The cost of a Canadian university education in six charts
Tuition is only part of the cost of going to university. There's also the cost of books, food, travel and the occasional beer. Here's how students finance their education.
Students living at home spend $9,300 per year on average. For those who move away, it’s closer to $20,000. We asked 23,384 students how they pay for school and where they spend their money. Here’s what they told us.
1. The total average cost of a post-secondary education
2. Where does the money come from to pay for school?
First, the good news: only half of students are in debt. Now the bad: parents are picking up the slack—and not in a very efficient way. Nearly two-thirds of students say they don’t have an RESP.
3. The cost of books by program
Course materials account for a fraction of the total cost of university, but they still add up. Here’s how the least and most expensive programs compare on the cost of books.
4. Debt by year of study
The average level of debt by each year of study, based on responses from more than 11,000 indebted students.