Students face bleak financial landscape
Jobs are hard to find, says Atlantic economic research group
Students in Atlantic Canada may find it more difficult to earn money for school than ever before, says a recent report.
The Atlantic Provinces Economic Council reports that since the recession, young people have had a harder time finding work.
And those who are working have lower paying jobs.
"When they're trying to balance working and studying, you know, they aren't able to work enough or they're not getting enough financial support perhaps from their parents or other sources," said David Chaundy, APEC senior economist.
When rising tuition costs are added to the equation, it means that student debt is increasing.
P.E.I. students are about $21,000 in debt after a bachelor's degree.
"I mean, some people are struggling to get from paycheque to paycheque and save a bit of money, just to put towards tuition," said Kate VanGerven, University of Prince Edward Island student union president.
But the long-term financial benefits of having a secondary education still outweigh the costs, said Chaundy.
And VanGerven said you can't put a price on the university experience.
"So I guess in that way it's kind of a good thing, but I mean $35,000 is a brand new car, if you think about it that way, and that's crazy."