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| Student Debt in Canada and in general | |
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| Topic Started: Oct 21 2015, 12:01 PM (6 Views) | |
| ♥ Rach ♥ | Oct 21 2015, 12:01 PM Post #1 |
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At Least 5% Sugar
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It's hard to find exact data, but the average debt of students in Canada with debt is approximately $28,000 although without people in debt this average is $15,000: http://www.cbc.ca/news/canada/average-student-debt-difficult-to-pay-off-delays-life-milestones-1.2534974 What I've never understood is why more people do not work during school. The 7-8,000 dollar tuition is not exactly above the realm of a student job. According to some simple math, a job earning minimum wage would give you 8,000 dollars a year working 15 hours a week, which is not crazy especially if you work during the summer. So say in the summer for the two months you work 40 hours a week at minimum wage, that would give you $3,200. That would mean at minimum wage you would only need 12 hours a week during the year. Of course the other big issue is people accruing such debt without a realist chance of paying it. The person in that article for example, had $25,000 of debt for a degree in photojournalism. One must question whether the Government should be supporting such endeavours. |
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4:28 AM Jul 11