Post-secondary Advantage

Opening the doors to success

There are many definitions of success. When it comes to the advantages of continuing beyond high school, there are many clear signs that post-secondary education is worth the investment:

  1. More than half of Canadian adults aged 26 to 65 have completed post-secondary education – that’s one of the highest rates amongst developed countries
  2. Those with a post-secondary degree earn 39% more on average than those without a post-secondary education
  3. Economic growth and replacement needs are expected to create almost 6 million new jobs by 2024, two-thirds of which will require college, university or vocational education
  4. Those with a post-secondary education also benefit from employment stability and often pension plan coverage

According to a recent study from the Higher Education Quality Council of Ontario, post-secondary education enhances ‘soft skills’ such as resilience, initiative, and team work – traits that are necessary to succeed in changing job market. Aside from benefits to students, an educated workforce adds value to society in the form of active citizenship, as post-secondary graduates are more likely to vote, volunteer and donate.

Sources:

1-2. OECD (2016), Education at a Glance 2016: OECD Indicators

3. Economic and Social Development Canada 2015 Canadian Occupational Projection System

4. An Investment of a Lifetime? The Long-Term Labour Market Premiums (Statistics Canada, 2014)

Future Education Costs in Canada to 2035

Having a clear understanding about the costs associated with post-secondary education will help you determine how much to save.

Forms & Resources

  • Maximize Savings before Year-End Deadline

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  • Understanding Accumulated Grant Room

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  • Knowledge First Financial’s Grant Maximizer Tool

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