Tuition Fees Down

in Stats Canada, University Costs

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?

Table 37-10-0045-01 UndergraduateGraduate
 annual % changeannual % change
Canada-5.3-4.5
Newfoundland and Labrador2.30.0
Prince Edward Island2.02.0
Nova Scotia3.52.9
New Brunswick7.33.5
Quebec3.73.8
Ontario-9.9-9.1
Manitoba5.33.6
Saskatchewan3.34.1
Alberta0.03.3
British Columbia2.01.3
Yukon8.5..

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.

Tuition Fees
If your Child wants to be a Doctor or Dentist, better have an RESP

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.

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