Back to school 2015: 5 myths about student loans students don’t realize they must pay back their l

Back to school 2015: 5 myths about student loans students don’t realize they must pay back their l

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Some students don’t realize they must pay back their loans, usually with interest

Many post-secondary school students will experience a sudden boost in their finances at the start of this school year as the government deposits their loan money.

But the seeming windfall is hardly the same as Ed McMahon showing up at a dorm room with a coveted million-dollar cheque.

The federal and provincial governments have doled out billions of dollars in student loans, and estimates suggest the average Canadian graduates with between $20,000 and $30,000 of debt. So, experts say, it’s crucial that students understand the ins and outs of the student loan system.

Myth 1: It’ll be enough to pay for school

Many prospective students apply for government loans with an idealistic notion that they will receive enough money to cover all their expenses, says Laurie Campbell, CEO of Credit Canada Debt Solutions. Leia mais

Cash advance task shadows run that is exec’s Connecticut governor

Cash advance task shadows run that is exec’s Connecticut governor

HARTFORD, Conn. (AP) — In their run for Connecticut governor, Republican businessman Bob Stefanowski touts their stints with blue-chip businesses like General Electrical and UBS Investment Bank. However the part getting most of the attention is their newest work as CEO of an international payday home https://cash-central.net/installment-loans-ar/ loan company.

Competitors have actually piled in critique of Stefanowski’s participation with an organization providing loan services and products which can be not really appropriate in Connecticut. Into the GOP primary, one candidate’s adverts dubbed him “Payday Bob.”

The 56-year-old gubernatorial prospect states their experience straightening out of the difficult, Pennsylvania-based DFC worldwide Corp. would provide him well repairing the state’s stubborn budget deficits.

“It really bothers me personally that I’m being assaulted on a business that we washed up,” Stefanowski stated in an meeting because of the Associated Press. Leia mais