Students gain "Freshman $1,500" in debt

October 11, 2007

A representative from TD Waterhouse suggests that the "Freshman 15" (referring to weight gain in pounds) could just as easily be the "Freshman $1,500" in student debt.  More than half of students are shown to underestimate the cost of going to university by as much as 34%. Lovett-Reid says sticking to a financial plan can be one of the toughest challenges for a student, especially when an unexpected expense comes out of the blue.