Cost of Education

Quick facts on everything from net tuition to student debt and bursaries

The average amount paid by Ontario undergraduate Arts and Science students for net tuition – the amount paid for tuition when accounting for non-repayable financial assistance and bursaries. This represents a 69% discount compared to the $6,018 average “sticker price” of Arts and Science tuition for 2014-15 academic year.1

The average tuition paid by Arts and Science undergraduate students who received OSAP once government and institutional non-repayable grants are factored in.2

The total amount of non-repayable bursaries and scholarships provided to students by Ontario universities in 2014-15 (compared to about $278 million in 2000-01).3

The amount spent annually by the Ontario government in OSAP aid on loans and grants.4

The amount of additional financial aid provided by universities to those students whose needs were not fully met by government assistance programs in 2014-15.5

The percentage of full-time university students - representing 161,000 students - who received OSAP.6

The percentage of university students who graduated without debt in Ontario in 2015.7

Average government debt at graduation for 2010 graduates of bachelor programs, for students with debt, in Ontario 8

OSAP loan default rate for university students in 2014 - this rate is lower than both colleges and private career colleges.9


  1. Council of Ontario Universities. What Students Really Pay: Net tuition at Ontario universities. August 2016.
  2. Council of Ontario Universities. What Students Really Pay: Net tuition at Ontario universities. August 2016. Excludes students who only receive the Ontario Tuition Grant.
  3. COFO-UO data, 2014-15.
  4. Ministry of Training, Colleges and Universities
  5. Ministry of Advanced Education and Skills Development, 2014-2015 Student Access Guarantee Expenditures, Table 1. The Student Access Guarantee provides financial aid to cover students’ assessed needs for tuition, books and mandatory fees, if these are not fully met by OSAP. This aid is provided in addition to merit- and needs-based scholarships and bursaries that universities provide to students.
  6. Council of Ontario Universities. What Students Really Pay: Net tuition at Ontario universities. August 2016. Data is for domestic students, who were in first-entry undergraduate programs and carrying at least a 60 per cent course load in two terms of the academic year.
  7. Canadian University Survey Consortium: 2015 Survey of Graduating Undergraduate Students, p. 56
  8. Council of Ontario Universities. University Works: 2015 Employment Report. June 2015.
  9. Ministry of Advanced Education and Skills Development, 2014 OSAP Default rates