Tuition Increases In Alberta

Tuition Increases In Alberta

By Krystal Peters

What Did Your Grandparents Pay?

For Starters

Should Tuition Continue to Increase?

Between 1935 and 1950 Tuition costs estimated between $1631 and $2056. That is almost a $500 increase in 15 years!

The Following Graphs are a representation of Tuition Increases vs Year. The Y Axis is a representation of the Tuition Increases. The X Axis is a representation of the Year. All graphs were performed on my fx-9750GII Calculator using an exponential regression equation.

y= a.e^(bx)

y= (1.83295805263533 x 10^-10) e^((0.0154094716139178)(X)) (ALBERTA)

y=(8.80881403644663 x 10^-30) e^((0.037536130297505)(X)) (CANADA)

y = Tuition

x = Year

Solve for x - ln ( y/ a) / (b)

x = ln (tuition/1.832958052635533 x 10^-10) / (0.015094716139178)

x = year

Solve for y = (1.83295805263533 x 10^-10) e^((0.0154094716139178)(year))

y = Tuition

1935

1950

Yes, Tuition should continue to increase. There is a downside to everything and unfortunately the downside of a good paying job is the hard work and dedication you have to put in to be successful. Tuition is going to continue to increase with the increase of societal goods and wage.

Current Tuition Trend

My Work

Your Children's Future

How Does Alberta's Tuition Compare to Canada on Average?

2010 - $5505

2011 - $5663

2012 - $5670

2013 - $5675

2014 - $5730

In 2050 Tuition is estimated to rise to a Total of $7979.

Previous to 2010, Canadian Tuition, on Average was lower than Alberta Tuition. Shortly after 2010, the Average Canadian Tuition surpassed the Alberta Tuition Average. In 2014, the average Alberta Tuition was $5730 whereas the Average Canadian Tuition was $5959. Roughly a $230 difference.

2050

Annual Report: Canada Student Loans Program 2011-2012. (n.d.). Retrieved July 23, 2015.

Undergraduate tuition fees for full time Canadian students, by discipline, by province (Alberta). (n.d.). Retrieved July 23, 2015.

Undergraduate tuition fees for full time Canadian students, by discipline, by province (Canada). (n.d.). Retrieved July 23, 2015.

The Averages I retrieved were from the Government of Canada Website, a highly trusted website with factual information.

All other work was done by hand using the following exponential regression equation.

y= a.e^(bx)

y= (1.83295805263533 x 10^-10) e^((0.0154094716139178)(X)) (ALBERTA)

y=(8.80881403644663 x 10^-30) e^((0.037536130297505)(X)) (CANADA)

y =Tuition

x = Year

Solve for x = ln ( y/ a) / (b)

x = ln (tuition/1.832958052635533 x 10^-10) / (0.015094716139178)

x = year

Solve for y = (1.83295805263533 x 10^-10) e^((0.0154094716139178)(year))

y = Tuition

What Does This Mean For Tuition Next Year?

Who should pay for Tuition?

Tuition, on Average is increasing about $86 a year. This means instead of tossing an extra bit of cash to a parking pass, you will be paying that much extra for your education each year.

Although I do believe funding school is stressful and sometimes quite difficult to fund, Canada has a vast amount of options available for students in any program.

- Student Loans (Provincial/ National) - Pay Back

- Grants - Do Not Pay Back

- Bursaries - Do Not Pay Back

Yes, these processes are lengthy and time consuming but they are worth it and they are available to anyone in need of assistance.