Im also sure 50 grand is worth less then it was back then. But I could be wrong.
I don't think anyone here is an econ major...and if they were, I doubt they'd waste their time writing a bunch of info for us. So for now it will just be speculation but I'll put somethings into perspective as a software developer:
Tuition: 8,000x4=32,000
GOTransit: 150x12x4=7200
Textbooks: 700x4=2800
Min wage job = 10.25/h
Lets say 4x4 = 16 weeks at 40 hours is $6560 for the summer. $26240 over 4 years.
Lets say you don't go out at all during school, have a 4.0, and work 8 hours a week. 8x10.25x36=$2952. $11808 over 4 years
Total Expenses:
$42000
Total Income (assuming 0% tax):
$38048
Net Profit:
Less $3952
Do you realize what's missing here? Food costs or rent costs.
Now, there is actually a solution: stay out of uni for 4 years. Watch all your friends graduate. Come back 4 years later, get ~$13,000/y via OSAP. Invest the money, hope it doesn't blow up on you. Return the money upon graduation and take the interest.
Now question: how many of you are debt free and have complete finical self control? Better yet, how many of you knew the above before going to school? Pretty damn sure less than ~10% or OSAP would have ****ed itself already.
EDIT: Last edit, the situation above does not describe me but I know people in the situation. It really isn't hard to crunch numbers and figure out just where the hell people are getting stuff shoved up their ***.
Thank god for motorcycles though: twist the throttle and dem worries are gone.