Graduation Speech : A Postsecondary Institution Essay

2267 Words Nov 23rd, 2016 10 Pages
In the 2013-2014 school year, there were 2,048,019 students enrolled in a postsecondary institution, and of these students, 814,506 attended a postsecondary institution in Ontario (Statistics Canada, 2015). In recent years, news reports all over the country, even the continent reported that the amount of debt a postsecondary student has is tremendous. When students begin the postsecondary careers, they carry with them the financial status of their families. Some may be lucky enough to have families that can fully support their degrees or at least most of it, while others rely on student loans throughout their degree. The 2013-2014 school year saw 491,444 full time students given loans with 410,184 full time students receiving grants (Employment and Social Development Canada, 2016). Although only 24 percent of Canadian students were receiving loans, this is still a huge number that has inevitably grown over the last two years, especially with the rise of tuition, housing, and overall living costs. If students are taking out loans to pay for their education, how are they paying for their living expenses? The biggest problem is what comes after for postsecondary students in Canada – how are they going to pay it all back? Most students will be without the funds to pay back their loans but on top of that, they must pay for their rent, if they do not move back home right away, their food, their utilities, cellphone bills. Because of this, many students move back home after…

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