Student Loan Debt Burden: End of the Road?

Student Loan DebtIt cannot be denied that student debt load is a problem – and a serious one at that.  The pressure of mounting student debt while juggling between studying and employment only compound the burden. Research has found that debt aversion is strong among those who choose not to pursue post-secondary education and high student debt levels dissuade recent graduates from entrepreneurship. In addition, student loan obligations also tend to reduce the ability of new graduates to start a family or find gainful employment to cover the cost of rising tuition fees. Many students or new graduates end up taking lower paying jobs in their desired field simply to get a “foot in the door.” According to Statistics Canada student unemployment is almost twice as high as the rate of unemployment for the general population.

Continue reading…

Advertisements

Tags: , , , , , , , ,

About Syed Hussain

Syed Hussain, Ph.D: Banker, Bankruptcy Analyst, Forensic Accounting & Fraud Examiner, Cyber-Crime & Anti-Money Laundering Advisor, Internal Auditor & Counterterrorism Strategist . As an avid reader and traveler, the former air force pilot, likes to connect with like minded people and engage in intelligent conversations. He enjoys music, film and politics, as well as visiting museums, art galleries and air shows. Syed enjoys horse back riding and swimming. Besides English, he speaks other languages. At the end of the day, he can be found relaxing with a good beer and a fine meal.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s