Let's face it - it's hard these days to make big money during summer. Unemployment rates are still high enough that many students end up with a summer full of only part-time or occasional work. And wages are often low for student jobs, especially if your province has a low minimum or "training wage."
The reason this non-profit website has been operating - since 1999 - was that our tax dollars still don't buy the student loan repayment information we need from Canada's provincial and federal governments.
When it comes to adequate information on these programs, most governments flunk out.
Student Finance 101 often fields media requests for information related to students or higher education. For example, we recently provided student summer savings tips to jobpostings.ca (on an article we'll link when it appears).
This week I talked to Jon Tattrie of Metro News about the hidden costs of education.
The idea isn't to scare students from getting their education - quite the opposite. We just want to make sure they're prepared, by having a good understanding of the costs beyond tuition.
This week, the Canadian Federation of Students launched its campaign to bring down the ever-growing costs of getting an education.
The campaign is aptly called "Education Shouldn't Be A Debt Sentence" and we at the Student Finance 101 Society have lent our support as partners. Use this link to the campaign site to see the latest facts and how to take action!
If you know anyone dealing with defaulted student loans, show them this story.
In this BC small claims case, one 'little guy' fought back against his abusive credit collectors -- and he won more than he had owed on his student loans. The grounds for his lawsuit was harassment leading to mental distress.
While not news (the case was 2001) the judgement on Stephen Tobin versus Total Credit Recovery (BC) Limited should still remind people not to take abuse over their debt problems. But first, a quick explanation: