Students will need deeper pockets to study at Canadian universities over the next four years with annual fees projected to rise 13 per cent on average to $7,755, having almost tripled over the past 20 years, according to a new report.
Students in Ontario can expect to shell out $9,483 on average in tuition and other compulsory fees in 2017-18. Fees in the province have nearly quadrupled over the last two decades, said the Canadian Centre for Policy Alternatives.
The high cost of getting a degree is an “enormous financial stress” for students and their families, said Erika Shaker, director of the left-leaning think-tank’s education project. “All the evidence both in Canada and the U.S. does indicate that financial stressors on students are even more pronounced than stressing about academic performance,” she said.