University students are worried about their finances, according to a TD Canada Trust survey released this week. The study found that 21 per cent of students were “stressed” about their finances, while another 36 per cent said they were “anxious.” Only ten per cent of students said their parents plan to pay for 75 per cent, or more, of the cost of their education, while 60 per cent expect their parents to pay for a quarter or less. While 26 per cent say they plan to take out student loans or lines of credit, 69 per cent project they will graduate with debt, and 17 per cent estimate that debt will be more than $.25,000. The study also found that students are unable to cover their costs, with 41 per cent saying more money goes out than comes in. A total of 1001 students, or recent graduates, between the ages of 18 and 24 were surveyed across the country.
Looking for more?
Get the best of Maclean's sent straight to your inbox. Sign up for news, commentary and analysis.