Canadian undergraduate students are paying less, on average, for tuition, according to data from Statistics Canada, but there are four professional degree programs that might still break the bank.
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Data released last month shows undergraduate tuition in 2019/2020 down 5.3 per cent from the year prior, costing the average student $6,463.
But students taking programs in law, medicine, dentistry, veterinary medicine, optometry and pharmacy are paying the highest average tuition fees.
Dentistry students paid an average of $21,717; Medicine students paid $14,162; law students paid $12,388; and optometry students paid $11,236.
Tuition might be pricey for dentist or law, but a study from the Education and Labour Market Longitudinal Platform, reveals that graduates from these four programs also had the highest median employment income two years after graduating.
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According to Statistics Canada, a masters in business administration remains the most expensive graduate program – with the average price for an executive MBA costing $56,328. The fee for a regular MBA averaged $27,397.
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