Canadian university costs in six charts
Here’s how students finance their education
Why are mortgages so expensive in Canada?
Created By
Ratehub.ca
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.
ON MACLEAN’S: Create a university ranking based on what’s most important to you
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.
5. Spending on food on campus in a typical week
6. How much do you spend on groceries in a typical week?
MORE ABOUT STUDENTS:
- A guide to free tuition with OSAP and CSG
- How to budget money as a new student
- How mature students can fund continuing education
- 4 ways university students can save money
- Trudeau to boost student summer jobs program
- Best student credit cards of 2015
- Most students will exhaust funds before the year ends
- Budgeting tips for students
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