• Student debt is money borrowed by individuals to cover the cost of education.

• Loans can come from private or federally funded sources.

• Debt can be incurred to cover tuition, textbooks, miscellaneous fees, and room and board.

• Some lenders require payments while the student attends school, while others allow borrowers to begin repayment after they graduate.

I chose this website because it talks about how Students are constantly under mental pressure to graduate and find a job to repay the debt piled on. Because of that, they seek professional help because it is mentally exhausting for them if they cannot manage to repay it.

The most shocking was the doctorate because that is one profession we need a lot of, and how will students pursue it if it's so costly? It is significantly higher than the others but not much cheaper either.

The average student loan debt in Canada is approximately $28,000. The provinces with the highest student debt are Ontario and Nova Scotia, and women are the most frequent withdrawers. This makes me realize how broken the system is.

The main thing about the website that caught my eye was that if it has been seven years or more since a student last attended post-secondary studies, they qualify for student loan debt relief and can safely discharge their loans through bankruptcy or as part of a consumer proposal.

The topic was very interesting, but the surprising part was learning that the average student who graduates either does not have debt or has reduced debt. Still, many students borrow not for their studies but for living expenses while attending school. For example, 22% of students at public universities and colleges borrow at least $30,000 for living expenses only.

This topic is very much related to me because I also had a student loan. Thankfully, I was not in debt, but I did get into the trap of paying extra interest, which I could have avoided significantly if I had been more cautious and planned accordingly.

The most important thing that would be knowledgeable to pass on to a family member / friend would be to consult with a professional who would help you for your benefit and not theirs, who educates you on how to handle your finances. Plan and get to know more information and ask questions until you thoroughly understand the concept of a loan to avoid being in debt.

The most surprising part was when he said that the government only gives you 9.5 months. That's scary because when I had a student loan, I had a year to repay it.

There are many options for repayment for student loans, especially federal student loans, which have repayment options. The most popular is income-driven repayment, which is highly affordable, making monthly payments.

They also discuss the interest rates, repayment terms, loans into a line of credit, and more information on loan debt.

Combining multiple outstanding debts into a single loan reduces the payments and interest rates you must worry about. Consolidation can also improve credit by reducing the chances of making a late payment or missing a payment entirely.