Quote:
Originally Posted by CliffFletcher
You're looking at around $200k to send two kids born today away to university when they grow up. Sounds like you think only the wealthiest Canadians should have kids.
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Tuition is not that expensive. The typical undergraduate degree runs $25-30,000 factoring books and fees. So perhaps it will run you $100,000 for 2 students in 18 years factoring an aggressive 3% inflation rate.
To save that amount in 18 years would require the parents to save approximately $3,000 per annum assuming 7% return. Seems fairly reasonable.
Not to say I agree with parents paying for the entirety of a child's degree. It's important for the student to have a financial stake in their success at university - I would say a cost sharing model is the best route.