INFOGRAPHIC BY JANA GREGORIO
Tuition fees in Canada, particularly Ontario, have increased dramatically since 1990. While Canada consistently ranks high with ease of access to post-secondary education, the rising cost of tuition is stretching the budgets of hopeful university and college students.
According to the Canadian Centre for Policy Alternatives, the average university tuition will reach an estimated $9,483 in 2017-2018.
In order to help pay for tuition, students are seeking OSAP (Ontario Student Assistance Program). As a result, an increasing number of students are graduating university and college with debt.
The Financial Post reports that with the amount of debt students incur, it will take an average of 14 years for them to pay it off (based on an average starting salary of $39,523).
This infographic looks at the increase of tuition rates in Ontario and Canada over the past 10 years and the growing amount of debt students have after graduation.
