AB post-secondary students saddled with growing student, consumer debt

Post-secondary students are accumulating debt at an “alarming rate,” according to Freida Richer, a financial insolvency expert. The Edmonton Journal reports that a student who graduates from a four-year program typically carries a student loan debt of $23K plus $24K of consumer debt. “The trap is that some students think they will immediately jump into that ideal job with that ideal pay and I think that’s a misconception,” said Richer. “That inability to get into that ideal job and ideal rate of pay means it is taking longer and becoming much more of a challenge for people post graduation to pay down that debt.” Edmonton Journal