Higher Education Means More Earning Potential
The value of education can’t be measured by money alone but people with a post-secondary education do earn more than those without it. Graduates have twice as many career opportunities as students who only attend high school and they enjoy far greater job security1. Education will only become more valuable in the knowledge economy of the future.
The Rising Cost of Education
Over the past decade tuition fees have more than doubled in real terms, rising faster than the cost of living2. And the reality is students have to pay a larger share of the costs for post-secondary education, leaving more and more graduates deeper in debt.3
The Rising Cost of Education 4
The best way to help a student cope with the increasing costs of education, and minimize the debt that may remain after graduation, is through the registered education savings plan known as an RESP.
Although there are no guarantees in life, we believe the best opportunity for financial success comes from the knowledge gained through post-secondary education, whether it’s an apprenticeship, college diploma or university degree.
- Education Indicators in Canada: An International perspective – Council of Ministers of Education, Canada ↩
- Public Education for The Public Good – Canadian Federation of Students ↩
- The Financial Impact of Student Loans – Statistics 2010 ↩
- Between 1990 and 2011 the average increase in tuition fees and ancillary fees was 6.2% while inflation over roughly the same period was 2.1% – Eduflation and High Cost of Learning – Canadian Centre for Policy Alternatives, Sept. 2012 ↩