Good financial literacy won’t solve the student debt problem, says CFS-NS

August 16, 2016

It’s important for young people to have strong financial skills, but there is not “any amount” of education that can solve the problem of modern debt, according to Canadian Federation of Students-Nova Scotia Chairperson Charlotte Kiddell. In an interview with Metro, Kiddell argues that a focus on financial management skills cannot hide the fact that any student will struggle with the average $25K in debt it takes to complete PSE in Canada today. Kiddell points to rising tuition fees as one of the greatest causes of student debt, adding that “education is very important, but if a university is educating students on managing their finances on one hand, while raising tuition fees on the other hand, then there’s a clear conflict there.” Metro