Why the cost of education may end up far higher than many students expect

Brenda Bouw, Globe and Mail, Sept 01, 2017
Commentary by Stephen Downes

The answer to the question in the headline is 'because you're going to have to continue to upgrade your skills and development after graduation.' As the article says, "It's not just the fact that you need the extra training after school, but the shelf life of your knowledge is also significantly shorter" (this is the same poll as reported here yesterday, but with a newer press release (5 page PDF) and as usual the newspaper does not link to the original source). But rather than question the need for such high fees, the article is essentially an advertisement for Registered Education Savings Plans (RESP). "Two in five Canadian students entering PSE say that they have no savings and two-thirds do not have an RESP." The reason for that isn't that they're careless, despite what the article suggests. The reason is that you can't save tens of thousands on minimum wage employment. You cannot save your way to prosperity if you're poor.

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