Report shows university affordability on the decline

A recent study shows that university is a lot less affordable now than it was twenty years ago.

The report, done by the CCPA, looked at how accessible univeristy is for average Canadian familes by examining tuition fees and family income.

According to the results, education affordability has decreased since 1990 across the country in all provinces with the exception of Newfoundland and Labrador.

Reasons for the decline include growing household debt, complex eligibility for financial aid, and the inability of students to make enough money during the summer to pay for school as well as living expenses.

The report also states that if tuition and income continue to grow at the levels they are now, higher education will be even less attainable for students coming from families with low and medium incomes in the future.