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There is a Repayment Assistance Plan (RAP) for Canada Student Loans Program borrowers

There is a Repayment Assistance Plan (RAP) for Canada Student Loans Program borrowers

A Statistics Canada survey of graduates found the percentage of those with debt after getting a bachelor’s degree hovered at around 50 per cent from 2000 to 2015, but the percentage owing $25,000 or more at graduation rose from 33 per cent to 45 per cent. The average debt for a bachelor’s graduate as of 2015 was $28,000, up from $20,500 in 2000.

Furthermore, a 2019 study by insolvency firm Hoyes, Michalos & Associates Inc. called student debt in Canada a crisis, as it was increasingly a factor in insolvency filings.

Student debt contributed to a record 17.6 per cent of insolvencies in Ontario in 2018, the study found. Continue reading There is a Repayment Assistance Plan (RAP) for Canada Student Loans Program borrowers

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But there’s where parallels which have pay day loan avoid

But there’s where parallels which have pay day loan avoid

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Loans are created to tide you more until your second pay check to help you by way of brief pecuniary hardship, or perhaps to cover any unforeseen expenses. Continue reading But there’s where parallels which have pay day loan avoid