Furthermore, the number of American students heading up to Canada may well increase thanks to the declining Canadian dollar. Although the American dollar actually was worth a little bit less than the Canadian dollar a few years ago, currently the U.S. dollar is worth about $1.20 Canadian dollars. This means more Americans heading up to Toronto for bargain vacations, and more college students looking to escape rising tuition prices in the U.S.
This sounds like a great idea to me. There’s definitely something to be said for studying abroad, and college in Canada allows Americans to do this without straying too far from home, and for less. But what a shame. Can’t we afford to educate our own kids anymore?