Stats Canada put out their yearly report Tuition fees (in Canada) for degree programs, 2019/2020 a while ago. It has some interesting data including the fact that Tuition Fee costs for undergrad students dropped for this year (with a caveat).
Ontario led the way with a 9.9% Tuition drop. In fact in the rest of Canada Tuition went UP? Isn’t it great how large data sets can skew things?
| Table 37-10-0045-01 | Undergraduate | Graduate |
|---|---|---|
| annual % change | annual % change | |
| Canada | -5.3 | -4.5 |
| Newfoundland and Labrador | 2.3 | 0.0 |
| Prince Edward Island | 2.0 | 2.0 |
| Nova Scotia | 3.5 | 2.9 |
| New Brunswick | 7.3 | 3.5 |
| Quebec | 3.7 | 3.8 |
| Ontario | -9.9 | -9.1 |
| Manitoba | 5.3 | 3.6 |
| Saskatchewan | 3.3 | 4.1 |
| Alberta | 0.0 | 3.3 |
| British Columbia | 2.0 | 1.3 |
| Yukon | 8.5 | .. |
Remember we are only speaking of Tuition Fees and the Business of University Fees encompasses far more than just tuition. Evidently those fees have dropped slightly as well, but I am skeptical.
The other factor in Ontario is the revamping of the OSAP pay outs, so students get a large amount less than they have in previous years.
International Students face a tuition hike, which is where a lot of Universities are making their money.
Most Expensive Degrees
A very good graphic explains that.
The above graphic should emphasize the importance of an RESP for parents who think their kids might go to a post-secondary program. Don’t expect Tuition Fees to drop again any time soon.
