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Jan 28, 2021 · In 2020, approximately 73% of Canadians said they attended a post-secondary institution at some point, according to the Finder survey, and of those that furthered their education, roughly 45% took out a student loan. This is roughly 13.6 million Canadian adults, which if we look at the average cost for university tuition since 1965, could equate to as much as $48 billion in student loan debt.
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About three-quarters, or 77 per cent, of Canadian graduates under 40 have some regrets about the moneythey spent while in school, according to a poll released Tuesday by debt firm BDO Canada. The report, carried out by Ipsos Poll, found 30 per cent of graduates would have had more frugal budgets, some would have worked more during school (28 per ce...
The former students had some advice for incoming students, which mostly revolved around being smarter with money. About half of the graduates surveyed said students should be more willing to make financial sacrifices and get a part-time job as soon as possible. About 45 per cent advised students to pay off debt without delaying it. Some graduates (...
Because of his debt, Park says he put off things like travelling, investing regularly in retirement, saving, and even family planning. Since making his final payments, the newlywed says he feels liberated to invest in other parts of his life. One of the first things he did was ditch is old car, and buy a Ford Focus, he said. But that’s not all. Par...
According to the Canadian Student Loan Program, paying off student debt takes most about 10 years. But TD Canada Trust provides tipson how to get out of the red faster. On its website, the bank says it’s imperative students first figure out exactly how much they owe, and then make a budget. It’s important not to delay the process, and make extra pa...
Feb 5, 2024 · With the average student loan debt in Canada at approximately $28,000, it’s no wonder 77% of Canadians under 40 say they regret taking out student loans. Student loan forgiveness is not an option for most borrowers, so they’re forced to spend an average of 9 1/2 years paying off their loans — which is, in most instances, more than double the amount of time they would’ve spent in school.
Sep 19, 2017 · Toronto, Ontario, September 19, 2017 — A new Ipsos poll for BDO Canada Limited found three in four (77%) Canadian graduates under 40 who had student debt after graduation have at least some regrets about their decision to take out student debt, mostly centered on the fact they could have saved or earned more and spent less.
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Jun 18, 2023 · Some 1.9 million Canadians owed the federal government a total of $23.5 billion in student loans as of July 2022 — a number that only balloons further when including provincial loans and private ...
Sep 5, 2019 · A 2017 Ipsos poll found that more than 75 per cent of Canadian graduates under the age of 40 regret taking on student debt. According to Statistics Canada, the average university graduate finishes ...
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I lost out on like $50K of free money because I vowed to do everything in my power to never take a student loan, so I never checked. And I didn't even have a disability or unusual living circumstances to increase the amount. This is God's punishment to me for being on Reddit too much. I deserve it for not doing due diligence, but hell this stings.
