Graduating students

Life After High School

School is expensive.

An article posted by the Globe & Mail Is the university experience worth the cost? compares the costs and benefits of attending post-secondary.

Students embracing and standing outside in their black cap and gowns.

Graduating Students credit: Alan Light via Flickr cc

According to Statistics Canada, the average student debt in 2015 was over $25 000. The cost of post-secondary school will typically depend on:

  • where you live (stay at home or move away);
  • what program you enroll into; and
  • your living expenses (rent, food, travel).

With rising tuition costs and competitive job markets, colleges and universities should be challenged to provide a benefit to attending post-secondary schools. While some graduates have a hard time finding employment even with a degree, it is important to recognize that the experience post-secondary is valuable  for individuals that take advantage of internships, studying abroad, networking and forming lasting friendships.

Follow your passions.

If you are going to spend that much money, it better be worth your while! Prospective students should consider their lifestyle and choose a program that suits their interests and goals. David Barnard of the University of Manitoba says, “of course it makes sense to pay attention to the economic realities of life, whatever choice you make is going to shape what you are able to do for the rest of your life, and it should be something that you are passionate about.”

Apply for free money!

The good news is there are ways to make school more affordable.  Have a real talk with your parents about how they might be able to support your education. Thousands of scholarships receive no applicants. In 2015, over $5M in scholarship money was unclaimed. Research and apply for those scholarships, grants or student loans.

Are you thinking about your choices for after graduation? Which pathway do you plan to take (school, work, apprenticeship…your parents’ basement)? How can you prepare now for life after high school?