Student Debt: A Case Study

Decent Essays

It is not a secret that the cost of higher learning never comes cheap. As many students coming out of high school rely on student loans to pay for their post-secondary education, they do not realize how difficult paying off an average Canadian graduate debt load would be. According to business financial, the average payback for student debt takes approximately 14 years however, for some people it may be less than five years after the student graduates.
For instance, Josh Dehaas, a writer and editor for Maclean’s magazine, finished post-secondary in 2010 with $41 thousand in student loans. Coming from a family with low income, Josh was required to work long hours and learned to budget his money in order to support his financial crisis. During

Get Access