Up to 77% of nursing students start school year with less than $5,000
TORONTO, Sept. 4 /CNW/ - The school year is starting and university
students all over Canada are bracing themselves for the start of a
cash-strapped season. But of nine faculties surveyed by www.studentawards.com,
it's Canadian Nursing students who are starting the school year as 'poorest of
In fact, up to 77% of Nursing students will have less than $5,000 at the
start of the school year. Following closely are those studying: Fine and
Applied Arts; Business; English; Education; Humanities; Social Sciences;
Sciences; and, Engineering.
With all faculties reporting the average cost of one year of college or
university to be between $10,000 and $20,000, it's not surprising that up to
73% of the 1,300 students surveyed across Canada said they will borrow money
to complete their education. Of these students, 43% will borrow money from
their parents or other relatives.
"These students will graduate with huge debts," explained Suzanne Tyson,
President of Studentawards Inc. "We asked this group how much money they
thought they would have to borrow and 37% of respondents anticipate graduating
more than $20,000 in debt. The astounding part is that over 60% of the
students with this debt said it will take them at least three years to pay it
off - 35% said it would take more than five years. No wonder so many kids live
in their parents' basement after graduation," she added.
"It takes a huge effort to get scholarships and there aren't enough
available. That's not good enough for us," stated Studentawards Inc. CEO
Lesley Gouldie. Studentawards.com is working to change the scholarship
landscape in Canada so it's "much more student friendly and provides greater
opportunities for all kinds of students to be matched with financial
benefits," Gouldie added.
www.studentawards.com matches eligible students with thousands of
scholarships, bursaries and cash awards, ranging from $1,000 to $60,000. For
more than 10 years, it has matched students to scholarships - many of them
hard-to-find, non-institutional awards.
"We're providing students with the freedom to succeed," said Tyson.
To interview Suzanne Tyson or Lesley Gouldie, or for information,
contact: Teresa Donia, iAMBIC Communications, 905-508-5550 or firstname.lastname@example.org
For further information:
For further information: Teresa Donia, iAMBIC Communications, (905)