This article from the Globe and Mail is over a year old, but the situation hasn't changed much in Canada: students are getting deep into debt for their education and having trouble finding related work and shoulder a substantial level of debt as a result.
CBC even has a documentary on the trend, called Generation Jobless, which you can watch here.
Even tonight on the Lang and O'Leary exchange, they discussed the federal government's thoughts on revamping student loan repayment criteria (you can see the link here; the education segment runs from roughly 27:00 to 33:00). They talk about changing the repayment timelines, the interest rates, making loans dependent on grades, and more. Kevin O'Leary provides a particularly *ahem* interesting point of view, as usual. Leave no (rich) man left behind, basically.
It seems student loans were on everyone's minds today, east to west: the BC government issued a press release concerning changes to the BC student loan system to better accommodate students.
Hi THere. Julia from PIDP3240 here. I can totally relate to the student loan blues. I never had any. The government wouldn't give them to me. Said my Dad made too much money. Too bad he wasn't paying for my education. But i believe that the situation above is why people are opting for a much different kind of education now-a-days. The four year degree is becoming increasingly rare, and even young people are choosing to take control of their educations through online courses, hybrid courses and part-time studies.
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