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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