With the University of Calgary proposing another round of tuition hikes, Tate Laycraft reports the UCalgary Students’ Union says students are struggling enough as is.
U of C business grad here. University is overrated, I've never had a single company ask about my degree let alone check if I had one. If I could go back in time, I would skip university entire and start working out of high school.
@@briankroger7879 International students contribute approximately $21-billion a year to the Canadian economy, paying tuition and student fees that are up to five times higher than those paid by Canadian students. Last time I checked Alberta was still part of Canada which means Alberta gains and benefits from that $21 Billion . Existing literature, as well as the previous studies on the economic impacts of international education clearly indicates that there is a significant positive value associated with international students studying in Canada. The current study assesses the economic impact that international students studying in Canada in 2017 and 2018 had on the Canadian economy. We estimate that in 2017 and 2018 respectively, international students in Canada spent $18.4 billion and $22.3 billion on tuition, accommodation, and discretionary spending. The economic impacts presented in this report focus on the combined direct and indirect impacts associated with such spending. The results of the study are summarized below. The total annual expenditures of international students, including their visiting families and friends, contributed $18.4 billion and $22.3 billion to economic activities in Canada in 2017 and 2018, respectively. This translates into a $16.2 billion and $19.7 billion contribution to Canada's GDP in 2017 and 2018, respectively. GDP contributions include both direct impacts and indirect impacts, where firms supplying goods and services to the education services and other sectors are also taken into account. An impressive 16.3% growth in the number of long-term international students in 2018 accounts for most of the higher spending and associated economic impact compared with 2017. Students from India contributed most to this overall increase, with Ontario accounting for the biggest increase in the number of international students. In 2018, Ontario, with the largest number of students, made the largest contribution to GDP with 55.3% of the total followed by British Columbia, with 19.8% and Quebec, with 11.9%. The amount of international students' overall annual spending translates to 180,041 jobs supported in the Canadian economy in 2017. The comparable value in 2018 was 218,577 jobs supported. International students' annual spending directly and indirectly contributed $3.1 billion in tax revenue in 2017. The comparable value in 2018 was $3.7 billion.
