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Canajun Finances

My personal views and rants on home finances with a Canadian Perspective

University Education in Canada

Posted on 05/29/2006 10:47 AM | Link | Post Comment

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). 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

So that is the 4 month and 8 month costs. Yes that is $1444 for books. Might want your kids to figure out where the used book store is!

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. --C8j
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