22 September 2017 Register to receive our free newsletter by email each week
Advanced Search
View Printable Version
CANADA: Parents struggle with soaring university bills

Almost two-thirds of Canadian parents say they cannot afford the soaring costs of sending their children to university, a poll by BMO Financial Group found, while a separate survey said students are graduating with double the debt of 20 years ago, reports Sharon Singleton for the QMI Agency.

The costs of a four-year undergraduate course at a Canadian university currently runs at about $60,000 (US$58,145), BMO said. Only 21% of parents surveyed said they could pay off that amount with confidence.

Parents are also not taking full advantage of the savings options available to them, with only 52% of parents with a child under 18 contributing to a registered education savings plan, the poll of 1,582 Canadian adults found.
Full report on the Toronto Sun site
Receive UWN's free weekly e-newsletters

Email address *
First name *
Last name *
Post code / Zip code *
Country *
Organisation / institution *
Job title *
Please send me UWN’s Global Edition      Africa Edition     Both
I receive my email on my mobile phone
I have read the Terms & Conditions *