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Students in Canada, U.S. face growing debt. Here’s help

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quyret

Too many students don’t know the terms of their loans and the fact that debt is limited to 7,300 per year (but you have to file taxes) and that the grace period is not graceful at all, but rather a very expensive 6 months of interest. The information is out there, but not easy to find and not clearly communicated to borrowers. It should be emailed out, not just hidden somewhere on a site that is different from the one where loans are administered during studies. Education is a necessity, and the huge loan burden on poor and lower middle class students is a drag on their life plans, which becomes a drag on the economy when young adults aren’t out there spending money and planning for their futures.
(Edited as per T&C)

Thursday, Apr 28, 2016 at 8:00 am Reply