Canada is dealing with a student-based loan financial obligation crisis, with quotes putting the quantity of Canadian education loan financial obligation at over $28 billion, making numerous previous students wondering: must i combine my education loan along with other financial obligation? Similar to decisions in life, you bookofmatches will need to first consider the benefits and drawbacks to help make the right choice for you.
How come Canada Have a learning student Loan Financial Obligation Crisis?
Incorporating salt to the wound, current reports additionally expose that tuition fees increased by 3% for undergraduate programs into the 2017-18 academic 12 months, placing the annual typical tuition for Canadian universities at about $6,500.
A six-month grace period after graduating before loan repayment kicks in, many Canadians are unable to secure a high-paying job within that time frame, leaving them to struggle to make payments while the government gives students. (more…)