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Return on investment from post-secondary education declined in recent years: RBC

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Financial gains from completing post-secondary education have diminished in recent years, according to RBC economists.

September 09, 2024 at 12:50PM EDTon financial returns associated with post-secondary education. The report found that while university graduates are some of the highest income earners after finishing their education, returns have diminished in recent years.

In order to measure financial returns, the report compared income earned five years after graduation to tuition paid in the last year of study. The economists found that rising tuition costs outpaced median income growth for graduates five years after completing an undergraduate degree. “Median incomes five years after graduation in 2022 were 8.6 times more than tuition costs in the final year of study for architecture and related sciences,” the report said.

 

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