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2012-02-01 at 15:52

The cost of education

By Leith Dunick, tbnewswatch.com
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Maggie Ryan is $70,000 in debt and still working toward her bachelor of arts degree.

Michael Snoddon owes $38,000 and counting.

David Briand has to pay back $30,000 and he’s only in his third year of a civil engineering degree program.

Crippling debt-loads are the reason the three Lakehead students joined forces with a 100-strong group of protestors to demand action from the federal to help stop skyrocketing tuition fees from overburdening students any further when they graduate.

Story continues after video ...
 

 

Ryan said she’s had enough.

“We as students need to be heard,” she said. “We need to tell the government how much we owe and ask why we aren’t getting the funding or the help we deserve.”

Ryan said trying to pay back her debt post-degree is going to be disastrous.

“I still have absolutely no idea how I’m paying it off,” she said. “I work full time flipping burgers and to me that’s where it seems like I’m going to be spending the rest of my life trying to afford to pay back what I owe to the governments,” she said.

Briand is in a similar boat, although he owes less than half what Ryan does.

It was important to come out and support the national day of protest, which has crowded streets from one side of Canada to the other. Students simply can’t afford to keep getting hit in the wallet as governments increase tuition fees year after year.

“It’s terrible. It’s going to take me a hell of a long time to get out of this. It’s not something I’m looking forward to,” Briand said. “It’s a problem.

Egged on by megaphone-toting fellow protestors, students filled the school’s Agora with a myriad of rally chants, ranging from “Education is a right, we will not give up the fight” to “We don’t want no mac ‘n cheese. Yo! Dalton, drop the fees.”

Snoddon, the president of the Lakehead University Student Union, said the coast-to-coast action in Ontario is specifically aimed at getting the province to extend its much ballyhooed tuition grants extended to all students.

Because he’s 24, Snoddon doesn’t qualify, under criteria set forth by the province.

“And federally we’re asking the federal government to do something about the $15 billion in student debt that we owe,” he said. “We see in countries from other economies that are doing very well from investing in post-secondary education.

“There’s strong correlation from this, so we’re calling on both governments, provincially and federally, to invest in post-secondary education.”

Students were being encouraged to send faxes to Minister of Human Resources and Skills Development Canada Diane Finley to encourage action before January, when student debt levels are projected to hit the legislative ceiling.

 

 

 

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Tbnewswatch.com(17)

Comments

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vimeo says:
The help you "deserve"? Oh please. Get over yourself. Look pal, thousands before you including myself did it before you. We too flipped burgers and struggled with high tuition.
I've seen some of the extravigant lifestyles that many students students come to expect while studying away. Drop some of the luxury toys and get a grip. That's the real issue. I would stagger to be half the students are carrying $100+/month cell phone bills.

You already got a huge cut in tuition....something we weren't entitled to. It took me five years to pay off my loan. More and more we hear "it's all about me". Get over it and deal with it.
2/1/2012 4:28:21 PM
Papercut says:
You just need to be patient. Unfortunately things are going to get unimaginably worse and more expensive over the next 5 to 10 years, after that....when the reset occurs, things will be affordable once more.


Don't believe me....just stay alive, you will be living proof.
2/1/2012 4:47:46 PM
Canuckman55 says:
My wife has her masters degree from her home country, and her (like anyone else there) entire post secondary education was free. It is covered by higher income taxes later, but doesn't place an enormous burden on young entrants into the workforce. I don't know if its better or worse, but its an interesting proposition...
2/1/2012 6:06:30 PM
ring of fire dude says:
Welcome to the real world Students ! This is just a taste of what you can expect when you get a mortgage , buy a car or even put your own kids through school . You will be in debt for most of your life so get used to it .
2/1/2012 6:47:04 PM
canrebel53 says:
Welcome to the real world, everyone else has to pay their bill why not you's, it's about time the Government stops funding Collages, and University altogether and let the people that want to go pay for it. The way it going their going to want all the Education free in this Country.
2/1/2012 7:51:10 PM
nvjgu says:
Maybe thy should cut back on the parting and the spring break trips.
2/1/2012 7:52:35 PM
unknowncronic says:
It's called paying off in-time...

I know some peeps that owed over $100K & r still paying thier school loans off many many years later...It's the price u pay now to make the "bigger bucks" later...
Obviously thier parents didnt teach them about some things they will b facing in life....wonder if they will complain about the prices of houses once outta school??? lol

2/1/2012 8:43:10 PM
former says:
I always thought a student loan was like a buiness loan. It's an investment in your future. You will earn a higher paying job than someone who does not choose a university or college degree. The proof is out there to prove that comment, in most cases. The challenge is to pick a career that will be prosperous for many years.

The question should be, is the cost of university or college growing more than inflation. If yes, there is a problem. Also, given the fact that many more course/degrees are being taken on-line you would think the cost off education should be flat.

What concerns me in that universities and colleges keep adding these massive physical structures, for as I mentioned above, students to take more online courses from home - does this make sense?
2/1/2012 9:51:00 PM
deerhunting101 says:
I graduated in 2000 and I'm still paying on my Student loans. Going to school is like a life sentence.
2/2/2012 1:33:04 AM
ranma says:
How do you start class warfare? By ensuring that only the rich are educated.
2/2/2012 4:11:37 AM
Norshor says:
On the news it said Ms. Ryan was in her 7th year. Lots of people go to school for 7 years....they are called doctors. $70K in debt and still working on an Arts degree, as a tax payer that is not good use of our dollars. Time for people to take responsibility for their decisions.
2/2/2012 8:04:43 AM
Circular_Logic says:
There are a great many underemployed and overeducated folks out there who have spent a lot of time and money pursuing an unmarketable education. Reality bites when they graduate and discover that there is no practical outcome [ie; a job] to their field of study. Why is it that high school grads continue to select and enrol in programs which are unlikely in the extreme to result in employment? Time and money wasted and now it's on to plan 'B'. Wouldn't you think that when parents and children sit around the kitchen table to discuss education and employment that possibilities of getting a job post-graduation should be a factor? Often an unintended consequence of 4 'wasted' years in university is a desperation move to another program for an additional year leading to a job that the student is neither very good at or particularly happy with. As Madonna said, 'It's hard to see the end in the beginning' but a bit more of a planning effort would certainly pay off.
2/5/2012 9:23:45 PM
lemmiwinks says:
Really, $70,000 (and counting) for a bachelor degree? I suspect we're not hearing the full story here, or there is some mismanagement of money going on. $30,000 is a reasonable debt, especially for an engineer who will get a job directly out of school.

Education is an investment in your life, most investments implie a non-immediate return as well as some degree of risk.
2/2/2012 8:46:35 AM
unravelled says:
Ryan said trying to pay back her debt post-degree is going to be disastrous.

“I still have absolutely no idea how I’m paying it off,” she said. “I work full time flipping burgers and to me that’s where it seems like I’m going to be spending the rest of my life trying to afford to pay back what I owe to the governments,” she said.


If she is still flipping burgers after she graduates, why did she go to school in the first place?


I'm all for lower tuition costs but at what point do the students have to smarten up?

$70,000 in debt and still working on her degree? how long has she been in school?

Maybe Universities and Colleges need a compulsory first year money management course?
2/2/2012 9:40:22 AM
wow! says:
Suck it up! My wife and I finished college and university about 15 years ago and just finished paying off our students loans about 3 years ago.

That's the price of education!
2/2/2012 10:13:40 AM
PC says:
my son got his BA at Lakehead and he only took out a line of credit for $5000. during his last year there. The rest he paid for by working 2 summers at the mines and working all hours at McDonalds while going to school.
All his debt was paid for within a year of graduating. Most of it before he left for China to take a job teaching english.
My question is how do people wrack up that much debt?
My son roomed with 4 other students they cooked for themselves rarely eating out I am not sure but I don't think any of them drank much and parties were potluck.
My son did his first classes for a year online living at home and working at A&W so he could afford rent and tuition for the next year.
I think a bit of planning should go into the decision before you sign up for years of schooling.
That and a bit of reality should factor into any decision.
Things like are there jobs available for when you graduate. If the answer is no change your course to something with a bit more reward.
2/6/2012 9:25:22 AM
spinthebig4 says:
"Welcome to the real world, everyone else has to pay their bill why not you's, it's about time the Government stops funding Collages, and University altogether and let the people that want to go pay for it. The way it going their going to want all the Education free in this Country."...

you's, collages, The way it going their going to want all the Education free in this Country,

what should I say about this? Education improves society and grammar.
2/8/2012 12:21:02 PM
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