head back to school, many parents will recognize the
usual student necessities like paper, pens, pencils,
binders and even some new school clothes. Often parents
cover these expenses out of pocket to ensure their children
are ready for the school year.
As children grow from elementary to
secondary school, many parents get accustom to the costs
associated with “back-to-school.” When it’s
time to go to college or university, however, it can
be a shock to tally all the new, additional costs. If
you thought tuition was the extent of it, think again.
The chart is an average example of an undergraduate
student attending university for a Bachelor of Arts
degree. Although costs may vary from school to school,
province to province, many of the expenses will still
apply to college and university students across the
All of these expenses add to
the cost of providing your child an education, up to
$15,885 or more for one school year.
So, if your child was to attend university
this September for four years of studies, the total
cost could be over $66,000.
Would you be ready to cover the real
cost of education?
Education Costs and Expenses:
(student health services, athletics
and recreation, student association and other fees
that apply to full-time Canadian students)
|Books and other reading materials2
to the campus in an apartment for approximately
(Drives to school: include car
payments, insurance, maintenance, parking)
(personal and health care, clothing,
household items, etc.)
- “University tuition fees”,
The Daily, Statistic Canada Web site, Oct 9, 2008.
- “The Education Cost Calculator”,
CanLearn Website (www.canlearn.ca), Canada Student
Loans Program Directorate, Human Resources and Skills
Development Canada, Oct 17, 2008.
- “Living in Residence”,
Maclean’s Guide to Canadian Universities 2009: pg. 32-34.