Tuition is expensive, but education is invaluable
Education will open many doors for your child. But with education costs rising faster than the cost of living, those doors can be expensive to open. That’s why now, more than ever, it’s best to have a plan – a savings plan.
The first year of tuition for students enrolling in a Canadian university in 2037 could cost them as much as $30,931– that’s more than $127,000 for a four-year program. And as you can see below, tuition is only going to increase.
Year of
Admission
to Studies |
With Residence |
Without Residence |
|
First
Year |
4 Year
Program |
First
Year |
4 Year
Program |
| 2019 |
$21,041 |
$87,164 |
$11,241 |
$46,764 |
| 2020 |
$21,541 |
$89,184 |
$11,541 |
$47,974 |
| 2021 |
$22,041 |
$91,214 |
$11,841 |
$49,184 |
| 2022 |
$22,541 |
$93,284 |
$12,141 |
$50,414 |
| 2023 |
$23,061 |
$95,375 |
$12,451 |
$51,645 |
| 2024 |
$23,571 |
$97,485 |
$12,751 |
$52,885 |
| 2025 |
$24,111 |
$99,625 |
$13,071 |
$54,135 |
| 2026 |
$24,631 |
$101,785 |
$13,371 |
$55,385 |
| 2027 |
$25,171 |
$103,975 |
$13,691 |
$56,645 |
| 2028 |
$25,711 |
$106,185 |
$14,001 |
$57,905 |
| 2029 |
$26,271 |
$108,425 |
$14,321 |
$59,175 |
| 2030 |
$26,821 |
$110,685 |
$14,631 |
$60,455 |
| 2031 |
$27,381 |
$112,985 |
$14,951 |
$61,755 |
| 2032 |
$27,951 |
$115,315 |
$15,271 |
$63,065 |
| 2033 |
$28,531 |
$117,675 |
$15,601 |
$64,385 |
| 2034 |
$29,121 |
$120,075 |
$15,931 |
$65,715 |
| 2035 |
$29,711 |
$122,505 |
$16,261 |
$67,055 |
| 2036 |
$30,311 |
$124,956 |
$16,591 |
$68,396 |
| 2037 |
$30,931 |
$127,446 |
$16,931 |
$69,756 |
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Click here for a downloadable version of the Guide to Education Costs
Projections based on data from Statistics Canada, Tuition and Living Accommodation Costs for Full-time Students at Canadian Degree-granting Institutions Survey, 2016-2017. All fees and costs reflect a regular academic year of two semesters (8 months) for full-time (30 Credits) domestic students. Statistics Canada calculates weighted averages using the most current enrolment data available at Canadian degree-granting institutions at the time the data is released for a given reference period. Weighted averages include public and private institutions. Compulsory fees cover items such as Athletics, Health Services, Student Association fees, and others.
* "Without Residence" costs are calculated for students who live at home while pursuing their studies, not having to pay for either food or shelter costs.