HEQCO study shows university worth the investment even in recession

January 8, 2015

According to a new report from the Higher Education Quality Council of Ontario (HEQCO), a university education is worth the investment, even during economically troubled times. The study, Still Worth It After All These Years, examined data from sources such as Statistics Canada; Ontario’s Ministry of Training, Colleges and Universities; and Employment and Social Development Canada, finding that “university skills and credentials do not isolate one from the challenges of a poor labour market but they significantly improve the odds of short-term and–more importantly–long-term success.” The study looked at historical trends that showed university graduates faring better than their counterparts with a high school education, and determined that this hasn’t changed significantly in light of the recent recession. Post-recession graduates may be having some difficulties finding employment, but the unemployment rate for these new graduates is still lower than for those with no PSE. HEQCO Summary | Full Report