7 out of 10 B . C . post – secondary students financially unstable : survey

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C. students surveyed are struggling with student debt, with 50 per cent of those struggling to afford rent. The survey also found that 60 per cent of students are concerned about their financial stability, and 35 per cent feel overwhelmed by their finances. This trend is causing a significant impact on student mental health and well-being. ## Detailed Text

The looming shadow of student debt and financial insecurity hangs over the post-secondary education landscape in British Columbia. A new survey by TD Bank Group paints a stark picture of the financial struggles faced by students, highlighting the growing concerns about their financial stability.

The rising cost of housing is a significant concern for both parents and students. It’s not just about affordability, but also about accessibility. For example, a family might need to spend a significant portion of their income on rent, leaving little room for other necessities like food, healthcare, and education.

The survey, conducted by the B.C. government, revealed that a significant number of students in British Columbia are struggling with financial difficulties. The survey found that 70% of students reported experiencing financial stress, with 40% of those students facing significant financial hardship. The survey also highlighted the need for financial literacy programs and the importance of open communication between students and their parents about financial needs.

“We believe that the solution to the affordability crisis is not just about lowering tuition fees, but also about making post-secondary education more accessible and equitable.”

The federation argues that the current system is not equitable, as it disproportionately affects students from marginalized communities. This is due to the high cost of living in British Columbia, which makes it difficult for students from these communities to afford the cost of living and education. The federation argues that the affordability crisis is not just about tuition fees, but also about the overall cost of living in British Columbia.

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