The short answer from our friends at PBS (and from my personal experience) is a resounding NO! Most University students just don’t realize the cost of their education.
I must admit that most Canadian Universities now point prospective students (and their parents) to a website that will outline a simplistic budget, which is helpful, but rarely complete in its outline of high costs (usually forgetting to talk about incidental fees, like travel to and from home, and day-to-day living expenses).
What drives me spare is that most Universities seem to be trying not to tell students about Financial Aid that they can get to go to their schools. You hear about countless thousands of scholarships and grants that go unspent because no one applies for them, but how do you know to apply for them when you don’t know they exist?
If someone knows of a directory of all the grants and such that a Canadian student can apply for (or even a small subset of them), please send it to me. I will post it HERE to make sure more parents and students learn about the help available to them if they go to school.