Crippling Student Debt
23 Jan
Students now owe the federal government a record $13 billion in loans, not including loans owed to provincial governments or personal and credit-card debt ,says the Canadian Federation of Students.
I try not to speak about my very rapidly growing student debt after six years of post-secondary education because there is not much I can do about it until I start work full-time. Even still, it is going to take me years to repay.
Right now my current debt:
OSAP – $25,000 ( i think, it could be more)
TD Student Line – $18,000
My debt isn’t as bad as many other students with the same education because of the summers I spent working midnights on the General Motors Truck Line and working up-to three jobs at time. But as I tell many people, I am different that most people. I am very Rory Gilmore. I was going to school and I wanted to be successful ever since I was little. Many of my friends from home didn’t attend post-secondary because of the lack of funds or waited many years before going back.
I don’t know how or what governments and schools can do to combat this overwhelming debt students are dealing with, but all I can say from a student perspective is that money has been a stress that has taken my attention away from my education way too many times.
Also, some of my colleagues were on A-channel discussing student debt this Wednesday, check out the broadcast here. If only I stayed a little bit longer.
