Canadian trade, technical, apprenticeship and undergraduate programs cost on average between $20,000 and $50,000.

Post-graduate programs cost upwards of $50,000 to $100,000. Most graduates leave post-secondary with at least $20,000 to $30,000 in student debt. On top of this, there’s the opportunity cost of hitting the books for a few years; you forfeit income-earning opportunities because you’re not working full time. So while your friends are bringing home handsome paycheques, you’re forking out sick amounts of dough for an education.

Is education worth it? Considering 75 per cent of future jobs will require education, yes! Plus, according to the National Graduate’s Survey (Stats Canada), when you invest in any type of post-secondary, your long term income-earning ability is a few hundred thousand dollars to more than a million dollars greater than a high school graduate’s. Research has shown that educated people not only earn more money, but also enjoy a higher quality of life because they have more choices in terms of their career opportunities and lifestyle.


If you know you’re going to hit the books, save for school in advance. Through regular automatic bank deductions save in a Guaranteed Investment Certificate, Money Market Mutual Fund or High interest savings account. Each is low risk and earns stable returns. To get more benefit save within your Tax Free Savings Account to avoid unnecessary taxes. Apply for scholarships, bursaries and income assistance through the campus registrar’s office or library.

Consider working while you’re going to school. Check if your current employer can accommodate your school schedule through a flexible work arrangement. Or apply for jobs on campus.

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