Friday, March 23, 2012

post-secondary education 'n debt

http://www.cbc.ca/news/business/story/2012/03/23/canada-debt.html

omeowners still carrying mortgages owe an average of $161,200 in all forms of debt. That represents 82 per cent of all outstanding debt in the country.

Conversely, renters in Canada owe significantly less with an average of just $36,200.

Higher education, higher debts
Canadians that attended post-secondary education were more likely to carry heavy debt burdens as well. The average university graduate in Canada who owes money has a debt burden of $145,400, while Canadians who attended post-secondary education somewhere other than a university owes $114,300.

The typical borrower who did not attend post-secondary education owes $90,900,
or nearly $25,000 under the national average.

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D - there is something to be said for living at home during college or university. The problem is that you can stagnate- just hang out with your old high school friends. You need to actively join activities and network at your new school also.
I certainly appreciate the allure of only visiting the family during long holiday weekends though.

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