Canadian student loans default rates

 

canadian student loans default rates

The 2015-16 Academic All-Stars were honoured on Nov. 9. (L-r) Provost and Vice-Principal (Academic) Benoit-Antoine Bacon, Nixon Academic Leadership Awards recipients Taylor Sills and Sam Abernethy, and Vice-Provost and Dean of Student Affairs Ann Tierney. (Photo: Lars Hagberg)

At Fall Preview on Nov. 5, prospective students and families had a chance to visit campus and learn all about Queen's programs and services. Another event will be held on Nov. 19. Learn more... (Photo by Garrett Elliott)

The Fine Art Open House on Saturday, Nov. 5. was an opportunity to see student works in progress and maybe pick up a unique souvenir. (Photo by Garrett Elliott)

Canadian student loans default rates

Leonard Cohen was a poet who brought his lonely, soulful lyrics to music, startling fans with his fresh turns of phrase. Here are some memorable lyrics penned by Canada's melancholy bard. More 12:11 PM ET

Legendary Canadian singer-songwriter Leonard Cohen has died at the age of 82, according to a Facebook post on his official fan page. His music label Sony Music Canada has also confirmed the news. More 11:14 AM ET read comments video

​The death of world-renowned musician Leonard Cohen has prompted an outpouring of support and condolences from both the international stage and his beloved hometown of Montreal. More 12:11 PM ET read comments

The 2015-16 Academic All-Stars were honoured on Nov. 9. (L-r) Provost and Vice-Principal (Academic) Benoit-Antoine Bacon, Nixon Academic Leadership Awards recipients Taylor Sills and Sam Abernethy, and Vice-Provost and Dean of Student Affairs Ann Tierney. (Photo: Lars Hagberg)

At Fall Preview on Nov. 5, prospective students and families had a chance to visit campus and learn all about Queen's programs and services. Another event will be held on Nov. 19. Learn more... (Photo by Garrett Elliott)

The Fine Art Open House on Saturday, Nov. 5. was an opportunity to see student works in progress and maybe pick up a unique souvenir. (Photo by Garrett Elliott)

D ebt is an unwelcome guest at the table in many American households. The average U.S. household with debt carries $15,675 in credit card debt and $132,158 in total debt.

It’s easy to say we should simply pay off our balances and free ourselves of the burdens — financial and emotional — that come with financing many aspects of our lives. But it’s not that simple.

When NerdWallet dug into the “why” and the psychology behind debt, as well as its cost, it became clear that increasing debt loads aren’t just a result of irresponsible spending. There are many factors at play in the increasing amount of debt being carried in homes across the country.