Middle-class students stuck in the middle financially

August 7, 2007

Middle-class families often find themselves in a financial bind to pay for PSE. Family incomes too high for full student loans, but inadequate to pay for PSE from petty cash, middle-class students are forced into private loans and heavy work schedules.  A new study by the Canada Millennium Scholarship Foundation found a $10,000 annual gap between average student income and school expenses.  Students from household incomes between $50,000 and $75,000 are twice as likely to borrow from a bank.  The Toronto Star