Can debt consolidation help with Canadian student loans? Sep 29th

TSX getting you down? There are always sound investment alternatives.
Latest News
 assets

How to manage as a single parent with no pension + MORE Sep 7th

If you’re worried about your retirement, you’re not alone. Thanks to the growing gig economy and other changes to the workforce, these days fewer than two in five Canadians have a workplace pension plan to lean on. And if you are a single parent, saving for your twilight years only gets tri.... More »

Toronto's housing market tightened in March despite falling prices Apr 7th

Toronto's real estate board says it's too hard to say if prices have 'bottomed out,' but sales ticked up in March while new listings fell by double digits..... More »
 financial

Stock market news for Canadian investors: Loblaw, Walmart and more Feb 21st

Companies that reported earnings this week Gildan Loblaw Walmart Gildan Activewear reports $132.3M Q4 profit, raises dividend 10% Source: Google Gildan (TSE: GIL) (All figures in U.S. dollars.) Q4 profit: $132.3 million or 86 cents per diluted share, down from $153.3 mill.... More »

SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision - Reuters May 21st

SpaceX IPO bets $2 trillion on Musk's ambitious rockets-to-AI vision  ReutersSpaceX files for stock market debut that could make Elon Musk a trillionaire  BBCSpaceX, OpenAI valuations would mean they leapfrog Berkshire Hathaway on first day of trading  CNBCSpaceX is cap.... More »

Alberta Child and Family Benefit payment dates in 2025 Apr 15th

The Alberta Child and Family Benefit (ACFB) is a program administered by the Canada Revenue Agency (CRA) on behalf of the government of Alberta. The ACFB was introduced to assist lower-income and middle-income families with children under 18. Eligible families can receive direct financial assistance.... More »
Ask MoneySense
My parents have RESP savings, and I have a few part-time jobs and some support from other family members. But it’s not enough. I am wondering about OSAP, as I have a tight budget. My parents always warned me that taking on debt was “bad,” though, because they had student loans and it took a long time to pay them off. Is student debt a bad idea? Will it keep me stuck in debt? Can I consolidate it when I’m done school?

—Sam

Can you include student loans in debt consolidation?

Thank you for your questions, Sam. You’re definitely not alone in worrying about taking on student debt. We’ll explore ways to keep your debt down during your studies, and I’ll walk you through what to do if you can’t repay your student loan.

How much does post-secondary education cost in Canada?

For many Canadians, post-secondary education can be the key to achieving their career goals. While schooling in Canada isn’t as expensive as it is in, say, the United States, it can still be much more than some people can afford…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!