The challenge of saving for a university or college education can be daunting; however, the return on investing in an education is high. According to a 2008 report by Employment and Social Development Canada, higher education is associated with: higher earnings, greater savings and assets, higher growth in earning and higher income during retirement. Higher education also reduces the risk of experiencing low income and unemployment, regardless of province. In fact, the same report states that as of 2000, a trades or college graduate earns $7,200 more than a high school graduate, while a university graduate’s earnings nearly double those with only a high school diploma.¹

College education statistics

But the number of students is rising, making the competition for acceptance and financial aid increasingly fierce. The cost of university or college also appears to be on the rise, even as some are already struggling to pay the bills. An annual survey done by Simon Fraser University, taken by more than 15,000 graduating students, found debt-saddled students reported an average debt of about $24,600 in 2012.²

Having a plan can help you. Review our guides for:

Choosing the Right School

Use our tips to get started on selecting the right post-secondary institution and program.

Paying for a Post-Secondary College

Utilizing helpful resources such as financial aid can help alleviate the stress of finances, allowing your child to focus on their studies.

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