Majority of PSE graduates working, still in debt

April 22, 2009

According to a new Statistics Canada report, 90% of college and university students who graduated in 2005 secured full-time employment within 2 years. Full-time employment rates were highest for masters graduates. The largest earning gap existed between the bachelors and masters levels, with a difference of 33%. The study found 75% of those with student-related debt had not yet paid it off within 2 years of graduating. In 2007, loans exceeded $20,000 on average for graduates with debt at the bachelors and doctorate levels, with PhD graduates owing the highest amount. Statistics Canada | CanWest News Service | Canadian Press | CBC