I commuted this year so I bought the monthly pass in those months where I was going to school 5 days a week, 4 weeks a month, and I saved around 1/3 of the price (around $100/month!) but when I did the 4 days/week thing (and this summer school) I ran with the Presto, and it's really convenient when you're on MiWay/Brampton transit/TTC/HSR. So if you're commuting, go with monthly pass or if you're oncampus go with Presto (since there's no more 10-pass lol).
I love the Presto, so convenient once you get used to it and no more buying physical tix (except where Presto isn't accepted eg Milton)
tl;dr: Presto ftw.
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Memento mori
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