Canadian Ex-students Regret About Their Student Debt And Here’s Why

As you already know, being a student is not only hard but an expensive thing, which also requires your time and money. Actually, in 2018, 77% of Canadian graduates say they have regrets about student debt. In this post, the Typical Student is going to tell you why.

An Example

Here an example that basically explains everything. Andrew Park paid off his student loans last year. It took him more than 10 years. At the same time, this 30-year-old Toronto resident works as a business development leader now. He used to rack up the loans while studying life sciences at the University of Toronto.

Ex-Students’ Regrets

• Today 3/4 (which means over 77%) of Canadian ex-students have regrets about the money spent during tuition. Here’s what stats show:
• 30% of graduates would have had more frugal budgets,
• 28% say they would have worked more during school,
• 25% would have avoided other debt by staying away from credit cards and other loans.

And one more interesting thing!

• 67%  of Canadians included in the poll said they had debt when graduating, and were an average of $22,084 in the red;
• 33%  graduated debt-free,
• 62% are still paying off the loans.