A young person’s graduation from College or University is one of the most important rites of passage in our society. They have received their degrees and are now qualified for jobs in the industries they have chosen. We shake their hands and send them off into the world where they expect to get a great job, pay off their student loans, buy a home and be independent. This is what the world has promised them as they spent the past few years of their lives living in run-down apartments, eating nothing but Kraft Dinner because it is $1.09 per box and still gathering debt to pay for their tuition and books.
The Canadians most plagued by debt are the young ones. They have gathered student loans in order to pay for education they believe they will need in order to get a job and have the lifestyle their parents provided them with. Upon graduation however, many young adults are unable to find work in their chosen field, and if they do, it often does not pay well. They expect to live the kind of lifestyle their parents did while forgetting that their parents worked hard for twenty years in order to achieve it. Trying to pay off student loans while covering cell phone bills and credit card debt from a card they got from a vendor in their student center with a free gift, means that young people can very quickly find themselves in serious financial trouble, unable to pay their minimum living expenses while also servicing their debts. If you are one of these young people, you may be wondering what you can do.
There are ways that you can get rid of your debts. You can find out more by callin my London office at 310-PLAN, or send me an e-mail and speak to one of our professionals about your situation. It may be that you are able to file a consumer proposal or personal bankruptcy to get rid of your debts or even student loans debts if they are more than seven years old. Let us help you find a way to get a fresh start for your independence.
You must log in to post a comment.