1. Education and Debt

2. Is it a right? Before 1870 school was not mandatory –Local residents paid for building and staffing a local school. In predominately rural Canada the emphasis was on the “basics” –Reading and writing students entered the work force (farm or factory) anytime after 14 years old

3. The Stats Enrolment in Primary and Secondary Schools 19755,3 Million 19654,9 Million 19553 Million 19452 Million 19352,1 Million 19251,9 Million 19151,5 Million 19051,1 Million 18951 Million 1885911,000 1875858,000 1866682,000

4. Higher Education Access to high school was limited in Canada outside of larger towns or cities. University was for the few or elite. –Were small and usually associated with a particular religious group. (Acadia / SMU)

5. The Select Few UndergraduateGraduate Total 20051,021,520 (3%) 1975330,95440,108 1970276,29733,172 1960107,2116,518 195064,0364,559 194034,8171,569 193031,5761,350 192022,791 (0.17%)423

6. Colleges College enrolment in Canada Number 2004/20052005/20062006/20072007/20082008/2009 608,388605,925611,832626,514605,316

7. Free Education ???

8. Is it all that Bad? Recent numbers indicate that all is not bad. –80% of university students who graduated in 2005 are working full time. –Of the class of 2005 46% of grads finished with no debt 25% of grads paid off their education within 2 years of graduation

9. Adding up the Numbers One factor in this is the amount of time spent in the workforce. College programs being the shortest means that they will be in the workforce the longest. College (40 years of employment) = $ 1.4 Million Graduate (38 years of employment) = $ 1.71 Million Masters (36 years of employment) =$2.16 Million PhD (29 years of employment) = $1.81 Million *based on entering school at 18 and retirement at 65*

10. Show me the Money The median annual earnings among those who were working full time in 2007: College graduates = $35,000 Bachelor graduate = $45,000 Masters graduate = $60,000 PhD graduates = $65,000

11. How much will it cost Debt by education level Doctorates = $22,500 on average Masters = $19,500 on average Bachelors= $20,400 on average College = $11,800 on average –But calculate that with interest 3.5% over 36 months

12. Doctorates = $22,500 = $28,350 Masters = $19,500 = $24,570 Bachelors= $20,400 = $25,704 College = $11,800 = $14,868