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Crippling Student Debt

23 Jan

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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.

Measuring my personal ROI

16 Feb

Being a student a lot of my time is spent volunteering and attending social functions on top of my education. I feel this is important to demonstrate the skills I am learning from my studies and to meet many of the welcoming industry professionals.

Sometimes this can be overwhelming on top of school and sometimes extremely rewarding. This week has been extremely rewarding. Not only did I see actual results from my efforts over the last year, but I was extremely proud and happy.

Firstly, Bob LeDrew announced I had won his Join the Conversation initiative and I received a copy of Joe Jaffe’s book. Not only is this neat because I love cultural studies books (especially those about social media). But it was a small recognition from an important Ottawa professional that my passion for this industry is being noticed. I also received some amazing publicity on Bob’s blog here.

Secondly, I received a call from the Algonquin College Student Association that I was chosen for a student director position on their executive board. yay! This will help me finance my education for next year, get me further involved in my school, and put me in a place where I can further demonstrate my leadership skills.

The time I have spent for the last year has been worth it.

Clearly if you work hard to build a portfolio for yourself outside of school eventually you will see positive results.

My advice, keep at it.