No Tuition Fees in Canada? "Yes We Can," says new report.

 
Do we need to saddle young people with student debtloads or is there an alternative?
 
Well, alternatives are provided in a new report from the Canadian Centre for Policy Alternatives (CCPA).
 
Just $170 a family could end undergraduate university tuition fees in Canada, according to the report from the CCPA's Education Project: Under Pressure: The impact of rising tuition fees on Ontario families.
 
Alternatively, in Ontario, rolling back the 2009 Ontario corporate tax cut could cut tuition fees to 1990 levels - from an average of $6,500 to $2,500 a year.
 
Stress on families was a motivating factor for the report, according to Erika Shaker, director of the CCPA Education Project.
 
In a news release today, Shaker said that the combination of "stagnant incomes, household debt, and rising tuition fees" is leaving families with "difficult choices around the kitchen table about what to prioritize: meeting basic expenses, saving for retirement, paying down their debt or sending their kids to university."
 
Shaker, who also directed the CCPA Education Project during earlier reports, such as the Missing Pieces series posted here on Debt 101, says this growing financial dilemma "hits lower- and middle-income families especially hard.”
 
The newest report has many interesting facts and analysis for discussion. For example, did you know that, on average, a low-income family must spend 1,268 days of income to pay for their child’s university degree, while it costs only 137 days of income for a rich family?