Mounting Student Debt Tells of Universities All at Sea

Mounting Student Debt Tells of Universities All at Sea
The McGill University campus in Montreal in a file photo. A persistent rise in student debt and associated bankruptcies suggest a higher-education sector that is in disarray, writes Fergus Hodgson. CANADIAN PRESS/Ryan Remiorz
Fergus Hodgson
Updated:
This summer, the federal government paid employers more than $200 million and up to 100 percent of compensation to get them to hire students. If these young adults are Canada’s best and brightest—enjoying taxpayer-funded education—why are they so unappealing to employers that they have to be discounted to half price or free?
Funding for the Summer Jobs Program has doubled under the Liberal Party, but current university students are not the only ones struggling to be worth the minimum wage. A persistent, long-term rise in student debt and associated bankruptcies suggest graduates undergoing similar challenges and a higher-education sector in disarray.
Fergus Hodgson
Fergus Hodgson
Author
Fergus Hodgson is the director of “ Econ Americas”, a financial consultancy, and publisher of the “ Impunity Observer” , a geopolitical intelligence service. He is the author of “ Financial Sovereignty for Canadians: Untether Yourself from the Ottawa Leviathan (2024).”
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