Quote:
Originally Posted by Bunk
I understand some student debt depending on circumstance, but I've never understood why so many people fall into such huge debt going through school. It's not that hard to find part time work during school and a decent summer job. I found that was more than enough to pay for tuition, accommodation and most of the travel back and forth between home and school (parents paid for a portion of flights) over 5 years of undergrad and 2 years of grad school.
Took a year off between undergrad and grad school to work to save up a bit of money. Had a small scholarship for the first year, but not much else to speak of.
That said, post secondary education is getting more and more expensive so we do have an RESP set up for our little one. But we'll still expect her to work throughout university to pay most of her own way.
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I worked full time through both my degrees, but a good chunk of that was in a restaurant kitchen job with no tip out and I did not have the option of living at home or getting any money from family at all. My student loans covered my books, materials and tuition, but really didn't cover much of food, rent, transit passes, and associated costs of school. I didn't live large, no travelling, limited partying, no big ticket purchases other than computers and a modest engagement ring for my wife. I was certainly one of the many 'under-employed' which has a lot to do with my large debt load.
Anyway, I don't want to derail, just wanted to mention address the question.