Submitted by Scotiabank
A study looking into the student debt crisis, by licensed firm Hoyes, Michalos & Associates Inc. which promises to help Ontarians get out of economic distress, found student debt contributed to more than 17.6 per cent of insolvencies, the first step towards filing for bankruptcy, in Ontario as of 2018. The study notes this rate is at a record high since data collection began in 2009, with roughly 22,000 former students unable to pay their debts.
Sponsored by Scotiabank, CUSA and the university’s financial literacy campaign has seven events which range from financial workshops and interview role-playing, to a local food market on campus.
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