EDUCATION ISN’T AS MUCH A COST AS IT IS AN INVESTMENT – ONE THAT RETURNS A WEALTH OF OPPORTUNITIES FOR A REWARDING CAREER
As it becomes more and more difficult for young people to afford a college or university education, it also becomes more and more important they get one. Currently, two-thirds of all new jobs require a post-secondary education.*
Post-secondary education is an expensive proposition, and there is every indication that the costs will only continue to increase Find out how much it could cost give your child the benefit of a higher education.
LET’S DO SOME MATH.
For the class of 2017…
These are the kids who entered their first year of university or college in September 2012, for whom the average costs associated with the first year of university are close to $10,000, when you include tuition, fees, books, transportation and the occasional night out. Living in residence or a shared apartment can easily add another $7,000 or so over the school year.**
Multiply that by 4…
What do you get? For parents who haven’t planned ahead, a four-year university program can quickly amount to a $70,000 anxiety attack.
And 18 years from now…
Let’s suppose costs rise a modest three per cent annually. Children born in 2012 could be looking at a bill of almost $28,000 for their first year of post-secondary education.
* Job Openings 2011-2020, Canadian Occupational Projection System
** 2013 Guide to Education Costs in Canada. Knowledge First Financial.