STUDENTS: How to Participate

18 Education Debt

The news often reminds us of the high cost of a college or university education and how debt from this cost affects individuals.

For example, in its Student Debt Crisis – A Generation Buried in Student Debt report, bankruptcy trustees, Hoyes Michalos, reveals that nearly 18 per cent of the insolvency filings it handled in 2018 involved student debt. The Globe and Mail put a face to these statistics when it published a 2017 story about a graduate who struggled to pay off her $20,000 college debt while working at a job that paid $24,000 per year.

Post-secondary professionals in Ontario, at York University and the University of Toronto, have expressed alarm about the mental health impact from education-related debt, published in the Globe and Mail. The Vancouver Sun reported that B.C. students work more, owe more than other Canadian students.

Neck-and-neck with these reports are an increasing number of stories about textbook costs specifically (UNB students pay as much as $340 per textbook, BC students say they are textbookbroke) and the role open textbooks might play in ameliorating this trend (Cash-strapped Alberta students leading a push for open textbooks, Open textbooks provide big savings and benefits for Camosun students).

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Education Debt by BCcampus is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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