Tuition Petition

Click here to sign our e-petition

University is becoming increasingly expensive in BC, hurting the prospects of BC’s economy.  Affordable education must be made a priority to ensure long term economic prosperity and to meet projected future demands for skilled workers.

Students are incurring high levels of debt to finance their education
  • “Given the high cost of post-secondary education, it is not surprising that many students must finance their studies with loans.”[1]
  • In 2012 47% of SFU undergraduate students had incurred debt in financing their education [2]
  • Students with debt at SFU graduated owing an average of $26,758 in 2012 [3]
  • British Columbia post-secondary students expect to graduate with more than $35,000 in debt, higher than the national average of $26,000[4]
  • B.C. students pay the highest student loan interest rates in Canada at 8% (prime + 5.5%)[5][C1]
  • British Columbia is the only province in Canada without needs based up front grants program
  • Tuition will be increasing at SFU by 2% a year for domestic students, and 10% a year for international students
High levels of student debt reduces likelihood a person will attend post-secondary education
  • Debt aversion is the one of the most common reasons given by students who never pursued post-secondary education.[6]
British Columbia needs an educated workforce for its economic future
  • University graduates earn nearly twice as much as other full time workers over the course of their working life, have greater success maintaining and obtaining employment with bachelor’s degree, and contribute 41% of taxes despite making only 25% of the population [7]
  •  “Those holding bachelor’s graduates working full-time in 2010 was $79,100, compared to $48,100 for high school graduates, $56,000 for college graduates and $60,200 for those who had completed registered apprenticeships. Incomes for those with post-graduate degrees were higher still – $96,200 for master’s graduates, $104,400 for those with a PhD, and $143,400 for medical doctors.” [8]
  • 350 000 new jobs that will be created between 2010 – 2020 require a university degree [9]
  • This figure does not include job replacement for retirees [10]
  • Labour from outside Canada will be required to fill job openings[11]
Cuts to post-secondary funding ultimately harm students and the taxpayer’s investment in them
  • The British Columbia Liberal Government plans a $16 million decrease in Advanced Education funding for 2014/2015, and plans to further cut funding by $25 million by 2016  [12]
  • Core institutional funding to SFU has flat lined for the last 3 years [13]
  • Cuts to maintenance funding have led to marked and ongoing problems at Simon Fraser University [14]

What we can do:

  • Sign the petition urging the BC Government to prioritize post-secondary educational funding
  • Tell your friends, family, teachers
  • Tweet ‘’Prioritize affordable education for BC’s economic future #affordablepse “’ at @christyclarkb
 

[2] Canadian University Survey Consortium p 66

[3] Canadian University Survey Consortium

2012 Survey of Graduating Students⎯June 2012

[4] Bank of Montreal.  2013 BMO Student Survey: Canadian Students Relying Less on Family to Finance Higher Education.

Retrieved from http://newsroom.bmo.com/press-releases/2013-bmo-student-survey-canadian-...

[6] Ibid. p 68

[8] JOBS, SKILLS AND HIGHER EDUCATION IN CANADA Vol. 1 no.1 – February 2014

[10] Ibid.

[11] Ibid.

[12] Government of British Columbia. Budget and Fiscal Plan, p. 17. Retrieved from http://bcbudget.gov.bc.ca/2014/bfp/2014_Budget_Fiscal_Plan.pdf