Costs and Financial Aid. The cost of attendance is the total amount of tuition, fees, room and board, books, supplies, and other estimated school expenses. Financial aid is a combination of grants, loans, scholarships, and work-study employment designed to help offset the total cost of attendance.
One of the major problems for an investor looking at that 10% average return figure and mistakenly expecting to realize a nice yearly profit from investing in the S&P 500 is inflation. Adjusted for inflation, the historical average annual return is only around 7%.
If you look at all the 25-year periods since 1924, the average real return on Canadian equities has ranged from a low of 3.0% to a high of 10.3%, so it is certainly possible we will beat the 5.25% estimate for real returns on equities that we used in this analysis.