Canadian Students Pay Net Zero Tuition
Yesterday, we noted that Canada hands out over $10 billion to its students each year. Of that, $6.6. billion goes to students in the form of tax credits or grants; another $700 million is spent on savings incentives of various sorts. All told, over 70% of the $10 billion is non-repayable. How does that compare to what students spend on tuition? Well, this isn’t entirely straightforward. We know from CAUBO/Statscan statistics that in 2011-12, universities collected $7.37B in fees from students. What