University Education in Canada

Data is from a while ago, but still an interesting stick in the sand to see how much things will cost at Universities.

So after attending my 20th anniversary alumni weekend, I have a new respect for having to save a pack-load of money to get your kids into University (and out the other end). I talked to a few alumnus and they were echo’ing my concerns about the costs of sending our kids to U Waterloo.

Are you guys curious as to what my Alma Mater says your costs might be (in this year’s money too folks, remember you have got to expect an increase in cost here):

Tuition Fees?

Co-op

$2,919 – $5,911

$5,838 – $11,822

First number is for a four month term the second set of numbers is for 8 months.

Living on Campus?

Single

$3,900

$3,900

Included

$7,800

So this is for one of the Church Colleges on Campus, so that includes food too, but $7800 for 8 months. Yes living off campus is cheaper, but that has other costs like transport to take into mind as well.

Text Books?

Mathematics

$722

$1,444

You want the whole ugly thing in one table? Well check this link for the entire article, but here it is:

Domestic student – co-op
Living	Tuition	Books	Other	Residence	Rent and local transportation**	Groceries	8-month school year
In residence	$5,838 – $11,822	$1,294	$2,512	$6,862 – $8,238	—	—	$16,486 – $23,866
Off campus				—	$3,992	$2,008	$15,644 – $21,628
At home				—	—	—	$9,644 – $15,628

How much were you planning on putting in your RESPs? Still think it is silly to start saving for University when your child is still in diapers? Remember, you have 4 8 month stints to pay.

Sorry for the sticker shock folks.