Data is from a while ago, but still an interesting stick in the sand to see how much things will cost at Universities.
So after attending my 20th anniversary alumni weekend, I have a new respect for having to save a pack-load of money to get your kids into University (and out the other end). I talked to a few alumnus and they were echo’ing my concerns about the costs of sending our kids to U Waterloo.
Are you guys curious as to what my Alma Mater says your costs might be (in this year’s money too folks, remember you have got to expect an increase in cost here):
|Co-op||$2,919 – $5,911||$5,838 – $11,822|
First number is for a four month term the second set of numbers is for 8 months.
Living on Campus?
So this is for one of the Church Colleges on Campus, so that includes food too, but $7800 for 8 months. Yes living off campus is cheaper, but that has other costs like transport to take into mind as well.
You want the whole ugly thing in one table? Well check this link for the entire article, but here it is:
Domestic student – co-op
Rent and local transportation**
|In residence||$5,838 – $11,822||$1,294||$2,512||$6,862 – $8,238||—||—||$16,486 – $23,866|
|Off campus||—||$3,992||$2,008||$15,644 – $21,628|
|At home||—||—||—||$9,644 – $15,628|
How much were you planning on putting in your RESPs? Still think it is silly to start saving for University when your child is still in diapers? Remember, you have 4 8 month stints to pay.
Sorry for the sticker shock folks.