https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj Made with an aura of mystery en-us 2018-12-01 22:27:00 UTC 2018-12-04 02:31:34 UTC hello@padlet.com https://padlet-assets.s3.amazonaws.com/icons/Growing.png katelyn_slaunwhite https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj/wish/310107567 https://www.youtube.com/watch?v=Z0F5VibHOWY
On average, fourth year students generated around 15 thousand dollars in debt. Economists say that the investment in education is one of the best investments that one can make despite the fact that the jobless rate for young adults in Canada is around 9%. Many students are going into arts programs and social sciences rather than engineering and applied sciences. Engineering and applied sciences have very high employment rates, so perhaps it we could try to entice people towards these fields to reduce the youth unemployment and debt levels.

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On average, students in BC accumulate 29 thousand dollars of debt over the course of their post-secondary education. Since the 1990s, the cost has more than tripled in BC. It’s among the top three most expensive provinces for students to pursue their education behind Nova Scotia and New Brunswick. Quebec is by far the best province for students because of student protests. On average, it takes students fourteen years to pay off their student loans after they have graduated.

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Young Canadians suffer from an unemployment and underemployment crisis. By 2030, half of the jobs in the world will not exist and Canadian institutions aren’t preparing young Canadians for this future. Because so many students are studying for careers that won’t exist, they will have a very difficult time finding well paying jobs that will help them pay off their student loans. The amount of student loan debt that may never be paid off is a problem for Canada as it could cause serious problems for us in the future.

]]> 2018-12-01 22:58:40 UTC https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj/wish/310109437 katelyn_slaunwhite https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj/wish/310109848 This picture shows the debt occurred across Canadian provinces from British Columbia to Newfoundland/Labrador. The gray shows 2000 and the yellow shows 2010.]]> 2018-12-01 23:05:55 UTC https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj/wish/310109848 katelyn_slaunwhite https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj/wish/310109892 This photo shows student loan debt by ages 18-60 between the years 2004-2015. ]]> 2018-12-01 23:06:50 UTC https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj/wish/310109892 katelyn_slaunwhite https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj/wish/310109963 This photo shows the BMO student survey of 2013 of an average of what students expect to graduate in debt across the country.]]> 2018-12-01 23:07:54 UTC https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj/wish/310109963 katelyn_slaunwhite https://padlet.com/katelyn_slaunwhite/di3tpzwxr6pj/wish/310110084 https://globalnews.ca/news/4222534/canadian-student-loans-government-interest/
In this section according to 2017 statistics by statistics Canada tuition fees are increased by 3% in the academic years of 2017-2018. Typically borrowers can take up to 15 years to repay their loan debt. With this being said the calculating formula for student loans has not been changed since 2000, the per cent being set at 2.5 as mortgage rates at most Canadian banks sit at 2.4 per cent.

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In this section it is said that about 67% included in the poll had debt upon graduating, and about 33% upon graduation were debt-free. About 60% who graduated are still paying off loans. 30% suggest that students planning on going to college or university should consider talking sometime off to save up before applying. Taking some time off will put students in a better space financially and have money to start their repayment if they still need to turn to loans.

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Canadian students can get a wide variety of financial support from the government, scholarships, and grants etc. about 40% financed their post-secondary with some sort of loan. As a result, government funding is the most common source. Students that used sources such as government and non-government loans have created twice the amount of debt than students that only got a loan from one source. As well as it was found that students with a co-op were more likely to pay of the loan in 3 years after graduation.

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