During the 30 days leading up to Christmas students and youth aged 16 - 29 told us that they are spending more on holiday activities and gifts for others. And it doesn't end there. Most troubling for many students will be paying tuition next semester. Here are some tips from StudentAwards for how to beat the holiday spending crunch.
Millennials face these "trappings of success" and we aren't making six figures. We live in a world where our parents, teachers, and professors of the c-suite generation still hold us to these traditional measures of success. Today post-secondary students are graduating with more than $26,000 in debt, on average. This is a far cry from the rosier prospects that those in the Baby Boom generation saw when they were in their 20s.
Many reports suggest that upwards of 90 per cent of post-secondary students face high levels of stress and anxiety, mostly related to their finances, getting a job, personal relationships, and getting better grades. Clearly, students need help and feel there's no one providing it.
There are various reports about the amount of scholarship and bursary money that goes unclaimed each year. Some reports suggest that it could be over $15 million. While the exact number is hard to quantify, the point is there are millions of dollars that can be leveraged towards your future education. But where is the money, and how can you find it?