Stats Canada put out their yearly report Tuition fees (in Canada) for degree programs, 2019/2020 a while ago. It has some interesting data including the fact that Tuition Fee costs for undergrad students dropped for this year (with a caveat).
Ontario led the way with a 9.9% Tuition drop. In fact in the rest of Canada Tuition went UP? Isn’t it great how large data sets can skew things?
|annual % change||annual % change|
|Newfoundland and Labrador||2.3||0.0|
|Prince Edward Island||2.0||2.0|
Remember we are only speaking of Tuition Fees and the Business of University Fees encompasses far more than just tuition. Evidently those fees have dropped slightly as well, but I am skeptical.
The other factor in Ontario is the revamping of the OSAP pay outs, so students get a large amount less than they have in previous years.
International Students face a tuition hike, which is where a lot of Universities are making their money.
Most Expensive Degrees
A very good graphic explains that.
The above graphic should emphasize the importance of an RESP for parents who think their kids might go to a post-secondary program. Don’t expect Tuition Fees to drop again any time soon.