Funding and Financial Assistance towards Higher Education in Yukon

The Advanced Education branch of Yukon Department of Education supports adult training, education and labour force development through Community Training Funds ($1.45 million for the fiscal year 2006-07), and Student Financial Assistance options such as Yukon Grant ($3.3 million for the fiscal year 2006-07), and Student Training Allowance ($0.5 million for the fiscal year 2006-07).

Over 50 organisations, individual and professional groups have established scholarships to complement the Financial Assistance programs offered by the territorial government.

Yukon College obtains its base operational and capital funding from Yukon Government. Yukon College also draws funding from two other sources. First, the Northern Research Endowment Fund was established in 1989 by the Government of Yukon to support "scholarly research in the humanities, social, pure, and applied sciences that is directly relevant to Yukon." Yukon Government also provides Community Training Funds. For example for the fiscal year 2006-07, $321,383 was allocated to Yukon College training courses.

The territorial government has acts, policies, and regulations concerning Student Financial Assistance for Yukon citizens pursuing their post-secondary studies in or outside of Yukon. For example, during the 2005-2006 academic year, one of the grants, the Yukon Grant assisted 1,118 post-secondary students in their post-secondary studies. Of those receiving the Yukon Grant, only three out of ten were studying at Yukon College; 44% of the recipients were studying at universities; 4% at university colleges outside of Yukon; and 22% studied outside the territory in programs that may be similar to local alternatives. That is, the educational needs of 68% of the Yukon Grant recipients were served outside of the territory, but financially assisted by the territory. Loan programs include Canada Student Loans, funded by the federal government and administered by the territory. Students may also be eligible for the Canada Millennium Scholarships up to 2010.

Tuition
In the 2012-13 academic year, full-time tuition fees for Canadian or Alaska residents at Yukon College in university-level credit programs were $324 per three-credit course, or about $3,240 per year for full-time. College preparation costs $216/three-credit course. Students in trades/vocational courses paid $1,620 per term with some programs costing $2,160/term, and those in developmental studies programs paid $350 per term. International student pay more. Tuition fees for international students, other than residents of Alaska, were $266 per credit, or about $3,990 per term. There is no tuition for apprentice training or for seniors. Financial assistance is normally available for apprentices to offset loss of income while attending in-school training, travel and book costs, and living-away-from-home costs where applicable through Employment Insurance funds.