Kin Blog

Is There Anything Scarier Than Student Debt?

October 31, 2013
By Lauren MacDonald-Schlaht

PumpkinGhosts. Goblins. Devils. Vampires. Those are just a few of the standard scary costumes that are bound to be rampant this evening as kids go trick-or-treating for Halloween. While watching scary movies and dressing up in scary outfits and makeup is a staple at this time of year, there’s something else that can cause goosebumps, fear and worry all year round: student debt.

Student debt in Canada is estimated to be over $23 billion, with students graduating with an average of $26,000 in debt. Those numbers are staggering, especially since it can take a long while after you graduate to find a job and start the gruelling process of paying it back.

The stress associated with owing so much money, as well as the barriers it presents (such as buying a house or car), can be frightening and frustrating. Celebrating the success of your post-secondary education is often short-lived once the reality of just how long it’s going to take to pay back all of those loans sets in.

Luckily, there are options out there to help alleviate the financial burden students face. Kin Canada’s Founder, Hal Rogers, was passionate about and truly believed in the importance of education, which is why Kin Canada Bursaries was created.

Each year, $1000 bursaries are awarded to Canadian students who are pursuing post-secondary education. This past year, 48 deserving students were awarded with a Kin Canada Bursary. Be sure to review the detailed eligibility requirements, process to apply and other important information.

As you begin or continue your post-secondary education, eliminate some of the scare you’ll get when you look at your student debt. Take advantage of financial support; apply for a Kin Canada Bursary and search other organizations and databases for bursaries and awards.

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