Be Prepared for the True Cost of Education

It's a fact that nationally, undergraduate tuition fees are 21.5%* higher than they were five years ago. And they continue to rise faster than the rate of inflation. The largest increases in that period were seen in professional fields such as law, medicine and dentistry, which grew by as much as 65%* (*Source: Statistics Canada - University Tuition Fees 2006-2007).

Estimated future university costs for a student entering a four year program and living away from home

Year of Birth	Year Entering	National Average
2008	2026	$104,341
2007	2025	$100,922
2006	2024	$97,616
2005	2023	$94,420
2004	2022	$91,331
2003	2021	$88,344
2002	2020	$85,457
2001	2019	$82,665
2000	2018	$79,966
1999	2017	$77,357
1998	2016	$74,834
1997	2015	$72,395
1996	2014	$70,036
1990	2008	$57,436

Projected tuition costs are estimates based on university tuition costs adjusted for an annual national increase of 3.9% as provided by "Statistics Canada - The Daily, Friday, September 1, 2006 - University tuition and compulsory fees 2006-2007". Projected Room and Board costs are estimates based on an annual national inflation rate of 3% as provided by "Statistics Canada - University Tuition Fees 2006-2007 - Table 4. Living Accommodation Costs at Residence, 2006-2007".

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