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THE FACTS ON TUITION IN BRITISH COLUMBIA
Nov. 6, 2009
Ministry of Advanced Education and Labour Market Development
Here are the facts on student tuition in British Columbia:
Tuition
- Tuition fee increases at B.C.’s public post-secondary education institutions have been limited to 2 per cent annually since 2005.
- Average undergraduate tuition fees at B.C. public institutions were $4,700 in 2008/09.
- B.C.'s tuition fees at publicly funded institutions are fifth lowest in Canada.
- Tuition accounts for about one-third of the cost of a student's education.
- The Province remains committed to helping qualified students get their education - regardless of their personal financial circumstances. B.C.'s comprehensive student financial assistance program offers help to thousands of students every year.
- Since 2001, the Province has invested $2 billion in helping students overcome financial barriers to post-secondary education.
- Last year the Province forgave or reduced $85.8 million of loans for more than 24,000 students.
- Government pays 100 per cent of the interest on students' loans for up to 10 years while they are enrolled in full-time studies.
- The Province also provides debt management programs that help students with their payments, including loan reductions for those most in need, interest relief programs, and loan forgiveness programs.
- Since 2001, the B.C. government has invested $1.8 billion in new funding for over 840 capital projects, opened seven new universities, added 35,500 seats, and increased operating funding to post-secondary institutions by 53 per cent. This has increased access to college and university programs for B.C. students.
- According to data from Statistics Canada, a university graduate will earn about $600,000 more in their working life than someone with a high school education.
