Borrowing money for post-secondary education is a long-term financial investment. After years of hard work studying in university or college, students fight for the same job position in hopes to start off their life instead of being thrown into the unemployed. Out of about 250,000 graduates, there are only a limited amount of job opportunities. Unfortunately, there are no jobs for every graduate; this leaves them unemployed for the year in hopes to receive one the year after competing with another 250,000 graduates or so including the graduates who were left unemployed the year before. Individuals spend time and money on their education to increase chances of receiving a higher paid employment but, could it be worth it? Post-secondary costs may not hinder a person’s choice to attend post-secondary; although, debts may be an issue for the majority of students.

High levels of student debt have created a delayed adulthood. The average student will graduate with approx. $28,000 in debt. Many young adults are forced to move back home because there is no job opportunity in their field to get their life started. Studies show that more than 25% of young adults from 25 years old to 29 years old now live with their parents. It is believed that a student can easily find a job and pay off the debts, but that may not be the case for most graduates.

The unemployment rate amongst graduates is 1.7% lower than students in high school or how have only a high school diploma. Students with high school education have a higher employment rate with only a high school