Friday, August 12th, 2011

TD Canada Trust Says Manitobans and Saskatchewans Most Likely to Graduate Debt-free

TD Canada Trust’s new survey findings have revealed that college and university students from Manitoba and Saskatchewan are the most likely to graduate without a student debt.

According to their data, four-in-ten students said they expect to graduate without a student debt, which is ten whopping percentage points higher than the rest of Canada.

“Earning a post-secondary qualification requires a big investment, and it’s reassuring to see that so many students are taking their finances seriously, managing to save for the future or to pay down debt,” said Michelle Snow, Group Manager, Student Banking, TD Canada Trust.

Nearly the entire community (97 per cent) said they are saving some money. Most said their savings are going to education, (43 per cent), while slightly less are saving for a home down payment (41 per cent) and the rest are paying down current debt (36 per cent).

Despite their fiscal responsibility, 79 per cent of students answered they feel the amount of money you need for university is “a fortune.” Most are uneasy about the costs with 56 per cent of respondents saying they feel either anxious or stressed when they think about how they are going to pay for school.

Ryan Leclaire
Author: Ryan Leclaire
Ryan has been writing for 7 years and has been featured in Chatelaine, Canadian Living and Cottage life.
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