Buried in debt, students share their stories

OTTAWA, Feb. 23 /CNW/ - Students launched a website today to demonstrate stories of the sacrifices they and their families have had to make to afford college or university education. More than five thousand students have shared their photograph and story to raise awareness of their struggles to afford their education.

"Record high tuition fees have forced today's students to make remarkable sacrifices to afford their education," said David Molenhuis, National Chairperson of the Canadian Federation of Students.

Federal student debt surpassed $15 billion in September 2010. This winter, the Canada Student Loans Program required $300 million more than was budgeted in order to meet higher than expected demand for student loans and an increasing number of missed payments.

"With household debt at historic levels, burying students in billions of dollars of debt threatens to bankrupt a generation," added Molenhuis. "Canada needs a national strategy to reduce tuition fees and student debt."

The website is part of the national Education is a Right campaign of the Canadian Federation of Students.

The website can be viewed at www.educationisaright.ca

The Canadian Federation of Students is Canada's largest student organization, uniting more that one-half million students in all ten provinces. The Canadian Federation of Students and its predecessor organisations have represented students in Canada since 1927. 

SOURCE Canadian Federation of Students

For further information:

David Molenhuis, National Chairperson, 613-232-7394

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