Still, Stymest says students earn a bum rap from some for being careless and financially negligent. Student bankruptcies and loan defaults are higher than they are for the general population, but it's still a relatively small percentage. Most students pay back their student loans. Most students are responsible. Easy access to credit and a serious shortage of available cash can make for a volatile combination, says Stymest.
Students can get several credit cards with very little effort.
We see students using credit cards to pay for groceries. The bills rack up. The situation in Quebec is, in many respects, better than in other provinces. The lower tuition rates in this province are another factor that makes life a little easier for Quebec students, by and large. Stymest says bureaucracy can be a nemesis for students in need.