Today’s college and university students are majoring in debt – and it’s only going to get worse.
Personal finance columnist Rob Carrick says post-secondary education can enhance an individual’s career prospects and earning power. At the same time, it can also leave young people saddled with hefty loans that can impede their financial well-being.
But the social and economic implications extend beyond the heavily indebted – student debt can hobble an entire economy. How can today’s students become tomorrow’s big earners if a big piece of every pay cheque goes to student debt?
Mr. Carrick is the author of How Not To Move Back In With Your Parents: The Young Person's Guide To Financial Empowerment.
He joined us live on Wednesday to answer your student debt questions.
Mobile readers can read a transcript of the discussion here.