Nova Scotia and Ontario have topped the list as the two most expensive provinces to get an education, that’s according to a Canadian RESP company.
Embark released a forecast of how much an average four-year university degree will cost Canadian students in each province.
Students in Nova Scotia and Ontario will have to pay an average of $88,490 and $86,106, respectively. That’s over $10,000 more than the national average.
Cost of a Four-Year University Degree, By Province1
|
Province |
Ranking of |
Cost of |
Comparison |
What |
Education |
Year That |
|
Canada |
National |
$75,387 |
– |
$104,898 |
39 % |
2039 |
|
Nova Scotia |
1 |
$88,490 |
17 % |
$132,565 |
50 % |
2029 |
|
Ontario |
2 |
$86,106 |
14 % |
$114,024 |
32 % |
2034 |
|
New Brunswick |
3 |
$83,162 |
10 % |
$116,741 |
40 % |
2033 |
|
Saskatchewan |
4 |
$80,761 |
7 % |
$115,014 |
42 % |
2034 |
|
Alberta |
5 |
$78,034 |
4 % |
$104,493 |
34 % |
2039 |
|
Prince Edward Island |
6 |
$76,802 |
2 % |
$105,879 |
38 % |
2038 |
|
Quebec |
7 |
$69,719 |
-8 % |
$96,919 |
39 % |
– |
|
British Columbia |
8 |
$68,495 |
-9 % |
$93,668 |
37 % |
– |
|
Manitoba |
9 |
$67,934 |
-10 % |
$95,705 |
41 % |
– |
|
Newfoundland |
10 |
$54,366 |
-28 % |
$73,975 |
36 % |
– |
Fees for students in British Columbia ($68,495), Manitoba ($67,934) and Newfoundland ($54,366) are estimated to pay the least.
Costs are expected to rise by 39 percent over the next 18 years, reaching $104,898 by 2041.
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