OTTAWA, Aug. 31 /CNW/ - As more than one million university students
head back to school this fall, parents across the country may be
wondering about the value of a university degree.
What's a university degree really worth? More than you think, according
to the Association of Universities and Colleges of Canada - and the
payback is greater than just money.
A university graduate will earn $1.3 million more over his or her
lifetime than someone who has not gone beyond high school. University
graduates earn $1 million more than community college graduates, says
AUCC, the group that represents Canada's 95 universities and university
Not only do university graduates earn more money, they also have fewer
periods of unemployment, and tend to live healthier lives. The
association backs up these points using data from Statistics Canada in a
fact-filled brochure, the first in a series being released this fall to
demonstrate the contributions of university graduates to the economy.
University graduates are innovative thinkers with strong problem-solving
skills - valuable traits in today's quickly changing employment market.
A university degree proved even more useful during the recent economic
downturn. AUCC points out that, during one of the deepest recessions in
70 years, there were 150,000 net new jobs for university graduates from
September 2008 to March 2010, compared to 684,000 fewer jobs for those
without a degree during that same period.
"University graduates enter the workforce with the skills and knowledge
necessary to adjust more easily to shifts in the employment market,"
AUCC president Paul Davidson says. "They find jobs quickly - and they
find good jobs, that are interesting and pay well." University graduates
also contribute more to Canada's economy and communities than do those
without the benefit of higher education. They are more likely to vote
and volunteer, and rely less on government benefits than those without a
AUCC released this new data on the value of a university degree to
emphasize the benefits of investing in higher education, especially as
Canada's shifting demographics call for an increasingly flexible,
adaptable and productive workforce. Additional data will be released
throughout the fall, leading to the release of a major publication in
The Association of Universities and Colleges of Canada is the voice of
Canada's universities. AUCC represents 95 Canadian public and private
not-for-profit universities and university-degree level colleges.
For a copy of the brochure, visit www.aucc.ca/value-of-a-degree.
SOURCE Association of Universities and Colleges of Canada
For further information: For further information:
Director, Government Relations and Communications
(613) 563-3961 ext. 229