In case you missed Statistics Canada’s annual report on the cost of university tuition, post-secondary education is getting pretty expensive. The average cost for full-time university tuition for an undergraduate student is $5,581 a year as of 2012/13. That’s up 5 per cent from a year earlier, compared to a 1.3 per cent increase in the overall cost of living. Tuition has been rising in inflation-adjusted terms for years. A study by the Canadian Centre for Policy Alternatives found that between 1990 and 2012, Canadian tuitions rose by about 6.2 per cent annually – about three times the rate of inflation.