Impact of Inflation on the Cost of Living and Education for International Post-Secondary Students in Canada
Team Members
Gaurav Wadhwa, Tushar Kapoor, Kavya Madan, Mandeep Kaur, Amanpreet Kaur
Abstract
The research project explores the complex effects of inflation on post-secondary students in Canada, including living costs, tuition costs, and broader economic implications. The audience, comprising students, institutions, policymakers, and parents, should care deeply about this research due to its immediate relevance to the financial well-being and academic success of a diverse student population. Aligned with current research, the study not only uncovers the multifaceted impacts of inflation but also proposes actionable solutions for immediate financial relief, flexible tuition plans, enhanced financial literacy, and mental health support. The findings highlight the profound challenges students face, extending beyond academics to career choices, emphasizing the urgent need for collaborative efforts from institutions and policymakers. The implications of the research underscore the imperative for comprehensive, collaborative approaches to address the complex issues arising from inflation, ensuring the resilience and equity of Canada's post-secondary education landscape.
