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Showing posts from June, 2011

The Cost Of Education

I've been talking to a lot of my clients about education savings lately that I thought I should write some information about the cost of education. First let's look at education cost. How much does it cost? The average cost of University education in BC is around $4,300 a year. Here's a list of average cost of Universities around BC for 2010/2011 from the Province of British Columbia website. I also found this calculator from the University of British Columbia to estimate the cost of going to UBC. Including books and student fees, it currently cost around $7,200 a year for a science major. It's cheaper as a Fine Arts major at $6,500. Engineering major is around $8,500. But a law major would need $13,100 a year and to be a doctor will cost almost $20,000 a year. Luckily for British Columbians, tuition fee increases has been limited to just 2% per year which is pretty manageable for most families. Whether this trend continues in the future, we'll have to