Many students entering university find it hard to imagine paying for their education without taking on a little debt. After all, minimum-wage paycheques just don’t go that far, especially for students who don’t get much help from their parents. As a result, about 60 percent of students take on debt, many without a sober second thought.
Maybe they see their degrees as an investment they can afford to make (or envision a lot of dollar bills in their future to help them pay the debt off). The result is that the average graduate hits the workforce about $27,000 in the red. But while student loans are easy to come by, they aren’t nearly as harmless as they seem.
Find out why student debt is a big deal in my new post on GoldenGirlFinance.com.