Use this calculator to estimate the cost of your post-secondary education and see if your planned savings will be enough. If you have a funding shortfall, use the debt calculator to compare up to 3 different loan and repayment options.

Step 1 of 4 - Costs

To help get you started, use the program search tool to select the school and area of study you are interested in. Data is available for only degree-granting institutions.

If your school or area of study is not listed, enter your educational costs manually below. Select the length of your program and proceed to Step 2 below.

Select your school and area of study

Province:

School:

Area of Study:

Program length:

Consider your costs

The editable chart below displays the approximate costs you can expect to incur based on your area of study, institution and length of studies. Enter other costs you expect to spend or edit the values, as needed, or proceed to the next step.

If you did not select an area of study or your area of study is not available in Step 1, fill in your costs and proceed to the next step.

	Year 1	Year 2	Year 3	Year 4	Year 5
Tuition
Room/rent (residence)
Food

Books
Transportation
Other
Total

Adapted from Statistics Canada Survey of Tuition and Living Accommodation Costs for Full-time Students at Canadian Degree-granting Institutions (TLAC), 2022 – 2023. This does not constitute an endorsement by Statistics Canada of this product.

Step 3 of 4 - Results

Total cost of education

According to your current plan, your total school costs of $0.00 will be offset by $0.00 in funding.

Total school costs:

$0.00

Total funding:

$0.00

Funding as a % of total cost

Funding
Shortfall

Based on your current funding, you will have a shortfall of

$0.00

Based on the information provided, if you have a shortfall in funding your education, you may be interested to use the student debt calculator below to estimate your borrowing costs by comparing up to 3 different loan options to see which scenario best fits your repayment goals.

Step 4 of 4 (optional) – Student Debt Calculator

Use this calculator to compare up to 3 different student loan options. By filling in different information in each option, you can see which scenario best fits your repayment goals. You’ll also see how increasing your monthly payments can reduce the time to pay back your loan.

Any results or calculations displayed on this site are made available for information purposes only, and do not constitute financial or legal advice. By using this calculator, you agree to our Website and Social Media Terms of Use and Privacy Policy.

Assumptions

The Tuition and Living Accommodation Costs (TLAC) survey was administered from May to July 2023 and the data cover the 2022/2023 and 2023/2024 academic years. Data are provided for the 124 institutions that represent the survey universe.
Dental, medical and veterinary residency programs offered in teaching hospitals and similar locations that may lead to advanced professional certification have been excluded.
Caution must be exercised when making long-term historical comparisons because the distribution of enrolment across the various programs varies from one survey cycle to the next.
The TLAC survey administered from April to June 2007 to collect tuiton fee data for the 2007/2008 academic year underwent significant modifications. In 2007/2008 the TLAC survey universe increased from approximately 60 institutions in previous years to 102 institutions. Additionally, the Classification of Instructional Programs (CIP) coding was incorporated into the survey for data collection and dissemination replacing the existing program classifications for which data were collected. The new CIP coding structure was used for all postsecondary surveys and the Census of Population which provided more current and accurate university enrolment data to calculate weighted average tuition fees. Lastly, in 2007/2008 graduate level data was collected by field of study like that of undergraduate students. The introduction of the new CIP classification had some impact on the interprovincial comparability of tuition data. The comparability of tuition data across fields of study were affected to a greater extent by the CIP making it is impossible to produce weighted average tuitions fees in a manner that is consistent with previous years.
In some cases (e.g., medicine, education and a few others), the classification remained consistent. For these fields of study, only 2 factors affect the comparability of weighted averages to previous year: the number of institutions that provided tuition data and the more recent enrolments counts used in the calculations. In other cases (e.g., arts and sciences), the category no longer exists and the tuition for programs under that category may now appear under two or three different categories. It is not possible to map the tuition provided in the new categories (CIP) to the categories used in preceding years.
Data in this release do not take into account student financial assistance or available tax credit. Tuition fees and additional compulsory fees shown represent only a portion of all costs incurred for attending university.
All fees are reported in current dollars.

Step 4 of 4 - Results

Option 1 monthly payment amount: $0.00

Option 2 monthly payment amount: $0.00

Option 3 monthly payment amount: $0.00

Save more on interest

By increasing your monthly payment by $50 you could save money on interest and decrease your payback period.

By increasing your monthly payment by $100 you could save money on interest and decrease your payback period.

Assumptions

For the purposes of this calculation, we assume that interest on all loan options is compounded monthly, and the maximum loan repayment period is 20 years.
We assume that the interest rate that you enter for government loans is equivalent to the prime rate, and we apply a typical “bump-up” of 5% or 2.5% depending on the type of loan selected. We have assumed that the interest rates on government sponsored loans are equivalent to Canada Student Loans, which carry a maximum fixed interest rate of the prime rate plus 5% or a maximum variable rate of the prime rate plus 2.5%. Provincial student loans have different interest rates varying from province to province, so your results may differ.
There is a 6-month grace period on government-sponsored student loans where payments are not required. However, during this period interest will accumulate. For the purposes of this calculation, we have assumed that the loan repayments start immediately after graduation.
We assume the interest rate entered is an annual interest rate. The calculation assumes the interest rate is compounded monthly and uses the annual interest rate to calculate an effective monthly interest rate.
Provincial student loans have different interest rates varying from province to province, so your results may differ.
The first loan payment occurs at the end of the first month after graduation.
Caution must be exercised when making decisions. This tool should be used as for a general indicator of costs only. It is not intended to provide investment, financial, accounting, legal, tax or other professional advice and should not be relied upon or regarded as a substitute for such advice.

Step 1 of 4 - Costs

Select your school and area of study

Consider your costs

Step 2 of 4 - Funding

Enter any funds that you will use to pay for your education.

Step 3 of 4 - Results

Total cost of education

Total school costs:

Total funding:

Funding as a % of total cost

Step 4 of 4 (optional) – Student Debt Calculator

Assumptions

Step 4 of 4 - Results

Save more on interest

Assumptions