By Garry Marr. Getting an education is all well and good, but students have to be realistic about the debt they take on to do so.
Just because the youth unemployment rate is double that of the general population doesn't mean education is a waste of money, but it's easy to understand why students might think so. The Canadian Federation of Students says the average graduate hits the workforce with a debt load of $27,000. It doesn't help that tuition is rising faster than inflation, climbing another 5% this academic year, according to Statistics Canada, while inflation has been well below the Bank of Canada's 2% target. Read more...