Students are being forced to pay more for their education and more of their money goes to interest, according to a report by the Canadian Association of University Teachers.
The association says the latest figures are an embarrassment to education and are being used by the government to justify its budget cuts.
The report, titled “Canadians Are Losing Their Future,” shows that by the end of 2019, average tuition fees will rise to $5,724 for a first-year undergraduate, $7,929 for a second-year and $10,000 for a post-graduate degree.
By 2021, the average student will pay $12,835 for their first- and second-years of university.
It says the average cost for a full-time student, at a four-year institution, is $33,000.
The average cost at an eight-year university is $44,947.
“The fact that tuition fees are rising at such a rate and for so long is absolutely unacceptable,” said Dan Flanders, president of the association.
“Tuition is going up at the same time that the average Canadian student is being left with nothing.”
Mr. Flanders said students are being told that they will have to pay higher costs when they get out of school.
“These new increases in fees are simply not fair to students and will hurt our economy,” he said.
The federal government has promised to raise the maximum tuition to $12.50 per semester, which would bring the average fee to $14,979 for a bachelor’s degree.
The government says this will help students afford to attend post-secondary institutions.
“Students who are enrolled in a four year degree are eligible for full tuition assistance for a minimum of four years at an institution of higher education,” said a statement from Public Services and Procurement Canada.
“This supports students who have to take on significant financial and living costs while completing their degree.”
Students and parents were angered by the report.
“It’s a real problem, and it’s a problem that needs to be addressed,” said Laura Baskerville, the president of Students Against Fees, which has been calling on Ottawa to raise tuition.
The increase in tuition fees is hurting our kids, says Laura Baskingerville, president, Students Against Fees.
“We’re paying a lot of money for a very, very little education.”
Mr Flanders acknowledged that students have been hurt by the rising costs.
“I think it’s true that many people don’t realize that the cost of tuition is rising in many countries around the world,” he told The Canadian Press.
“But it’s also true that students in Canada are not paying for the same education as they did 30 years ago.”
The association is calling on the federal government to set aside $3.5-billion over five years to provide additional funding for post-graduation support programs, which include a free year at an accredited university for all post-grads.
“If we’re going to be serious about ensuring our students have the right education, we’re also going to need to increase the level of support for students,” said Mr. Baskervliet.
The Canadian Association for University Teachers, which represents more than 100,000 students in the country, is calling for a freeze on new student loans starting in 2019, citing the need to address “a massive financial crisis” facing students.
“Our members have been warning that students are having to pay tuition fees that they couldn’t afford in the past,” said Michelle Dufour, president and CEO of the CAUT.
“While we recognize that higher tuition fees have been an ongoing concern, we are particularly concerned that the government is not providing the funding necessary to make the necessary investments in post-doctoral programs and student support services.”
The government is also proposing cuts to other social assistance programs, such as the Guaranteed Income Supplement and the child tax benefit.
“There’s not enough money for basic living costs and we have to make sure that people are being supported and supported,” said Ms. Dufours.
“So we’re looking at the impact of these cuts on families, the impact on young people, on the economy, and the impact that this will have on the students themselves.”
The Liberals have pledged to boost spending on post-college supports, such a tax-free savings account for parents, to $10-billion a year by 2020.
The Liberal Party has also promised to give more support to students who need help with post-school.
The Liberals also say that students should be able to deduct the cost for tuition and fees from their federal tax returns.
The Conservatives have promised to reverse the cuts to the Guarantee Income Supplement, which was recently replaced by the Guarantees Income Supplement.
The Conservative government has been criticised for its approach to student aid.
“Student aid is a priority issue for the Conservative government, and we will be making sure that students receive the financial support they need to continue their education,”