The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Students pass the library at Ryerson University in Toronto.
Students pass the library at Ryerson University in Toronto.
(JENNIFER ROBERTS For The Globe and Mail)

Why university offers best return on investment

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.