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The price of knowledge: Tuition fees in Alberta

The price of knowledge: Tuition fees in Alberta

Posted on: 9/12/2018 | Author: ATB Financial's Economics + Research Team

​​In an upcoming special Owl series, we are taking a deep dive into the economic value of getting a post-secondary education. But before we do, we're taking a look at tuition costs.*

According to recently released Statistics Canada data on tuition fees for full-time undergraduate degree programs, the average tuition for the 2018/19 academic year in Alberta is $5,744. International undergraduates students in our province pay an average of $21,548.

The national average for Canadian students is $6,838 with the highest average tuition found in Ontario ($8,838) and the lowest in Newfoundland and Labrador ($2,885) and Quebec ($2,961).

Without adjusting for inflation, Canadian undergraduate tuition in Alberta has barely changed since 2013. When inflation is considered, tuition is about seven per cent lower today than five years ago in 2013.

At $20,184, the most expensive program is dentistry followed by medicine at $13,300.

For many people, tuition costs plus other expenses have to be weighed against the long-term economic benefits of obtaining a degree. We're digging into those benefits and will be sharing that insight in the days ahead. Stay tuned!

*The tuition statistics do not take into account financial assistance or tax rebates provided to students.

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