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Our post-secondary system is broken, and must be changed. At one time, a summer job could pay for one's college or university costs. Prime Minister Justin Trudeau's yearly tuition bill in 1995 was $1,694, while Premier Kathleen Wynne paid $637 in 1967. That era is over thanks to a lack of political leadership. It is time for a new generation of students to fight for a better system.
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According to the National Student Loan Centre, it takes an average of 9 years for Canadian students to pay off their student loans. Although these figures may seem slightly alarming, don't fret! It's possible to repay your student loans in a relatively short period of time (in my case, $17,000 in just one year). Here are 5 simple, effective strategies to successfully start paying down your student debt.
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Most students aim to earn enough money to support themselves through the academic year. But like many things in life, success comes in the details. If you don't plan for the expected and unexpected costs that post-secondary life can throw at you, your chance of success diminishes.
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TORONTO — Many of this year's new post-secondary graduates have left the academic world carrying tens of thousands of dollars in debt. Meantime, those heading to college and university this fall will...
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CHARLOTTETOWN — The P.E.I. government says it will forgive student loans for people who develop a severe disability after they borrow money. The changes are being adopted by the provincial Student Fin...
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The average Canadian comes out of school with around $27,000 worth of debt and, based on an entry level job, the monthly payment will take up a significant amount of your disposable income. When I graduated, I traveled Europe for three months and then bought my first condo. It was all because of the steps I had taken when I was in school. Make sure that you sow the seeds of your financial success now.
Many post-secondary school students will experience a sudden boost in their finances at the start of this school year as the government deposits their loan money. But the seeming windfall is hardly...
"We feel that we have a responsibility to change the narrative of apathetic young people or apathetic students."
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OTTAWA — Hundreds of thousands of university and college students walking onto campuses this week with help from federal loans could find themselves targeted harder than ever to repay billions of doll...
TORONTO — As students prepare to make the leap from high school to college or university, many may find themselves confronting some tough, new lessons outside the classroom. "Kids coming out of high s...
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Here's the bottom line: too many students are burdened with excessive student debt and that hurts all of us, so a solution must be found, and the sooner the better.
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When you're falling asleep isn't it always the thought of credit card debt that comes to mind? The best way to deal with that anxiety is with a plan. A plan to stop the bleeding money, set spending thresholds and eliminate that debt!
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Happy halfway through the year! How has your year been going financially? Did you get the promotion you were hoping for? Have you been paying down your debt and getting on top of your money? If the answer is no, that's OK, because we still have six more months to go until next year!
I've heard the joke -- what's the difference between a large pizza and a history degree? One can feed a family of four. For the purposes of the pun, history can be replaced with any liberal arts major; however, history often gets an especially bad reputation for being particularly unemployable and well, pointless.