According to a Knowledgefirst Financial 2012 Guide to Education costs in Canada:

  • Almost 6 in 10 students rely on financial support from their parents, family or spouse for funding their current year.1
  • About 4 in 10 students report using university-based scholarships, financial awards or bursaries to finance their education.2
  • The proportion of graduates who borrowed for post-secondary education (PSE) increased from 49% to 57% between 1995 and 2005.3
  • The Canadian Federation of Students estimates the average debt for university graduates is almost $27,000.4
  • The average Canada Student Loan debt alone has increased 18% over the last five years.5
  • For 2008, university graduates on average earned 70% more than high school or trade/vocational program graduates.6
  • In 2009, 82% of adults ages 25 to 64 with post-secondary education were employed, compared with 55% of this age group with less than high school education.7

Sources: (1-2) 2011 Undergraduate University Student Survey (Canadian University Survey Consortium) (3) The Financial Impact of Student Loans (Statistics Canada, Jan 2010) (4) The Canadian Federation of Students 2012 (5) Canada Student Loan Program 2011 (6) Education Indicators in Canada: An International Perspective (Statistics Canada, Sept 2011) (7) Education Indicators in Canada (Statistics Canada, Feb 2012)