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Debt

The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.

The Reminder is making its archives back to 2003 available on our website. Please note that, due to technical limitations, archive articles are presented without the usual formatting.

Student debt increased as much as 30 percent between 1995 and 2000, concluded a report released this week by Statistics Canada. Difficulty in repaying debt was also a theme in the report that studied the class of 2000. The Survey, entitled Class of 2000: Profile of post-secondary graduates and student debt, concluded that drastic tuition fees increases were to blame for the greater debt borne by graduates in 2000. The Survey also reported that one in four graduates cited difficulty in making payments on their student loan. According to the Canadian Federation of Students, the trend towards higher student debt can be reversed with gradual tuition fee reductions and the introduction of a comprehensive system of needs-based grants.

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