Given the fact that Canadian household debt has already hit new high, fee hikes are a source of concern for many, especially
borrowers with excessive debt load.
In his paper, Kantrowitz analyzed data from the 2012 Baccalaureate and Beyond Longitudinal Study and found that the consequences of
graduating with excessive debt included delaying buying a home, delaying getting married, delaying having children, taking a job instead of pursuing additional education, taking a job outside one's field of study, working more than desired, and working more than one job.
First, the financial crisis left governments around the
world with excessive debt since tax receipts fell as they were administering bailouts.
Her core focus is to empower and inspire college students to achieve their educational goals without burdening them and their
families with excessive debt.
Kantrowitz goes on to state that these
students with excessive debt are «10 % more likely to say that it caused delays in major life events, such as buying a home, getting married, or having children.»
«What is happening in Italy is a warning to any country, any government, without a credible plan to
deal with excessive debts and excessive deficits that you need a plan and you need to stick to that plan,» Mr Cameron added.
Students who
graduate with excessive debt are more likely to delay buying a car, buying a house, getting married, having children, saving for their retirement....
The vineyard owner and operator ran into trouble in 2010 as wine prices fell and capital expenses rose, leaving
it with excessive debt.
For those among
us with excessive debt many retain the services of credit counseling agencies.
Even if every other aspect of a person's life is in order, such as having a steady job, making more than you spend and having fairly simplistic finances, dealing
with excessive debt can seem like climbing Mount Everest.
For example, it is hard to drive less in the absence of safe bike lanes and good public transport; it is hard to find a work - life balance if access to basic housing burdens
us with excessive debt; and it is hard to re-imagine the good life if we are constantly bombarded with advertisements insisting that «nice stuff» is the key to happiness.