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As a single mother who entered university to try to break the cycle of poverty, I now find myself in a $48,800/year job (for which having a degree was mandatory) and carrying monthly Canada Student loan costs of $544/month and BC Student Loan costs of $200/month...
My son will be entering university in 6 years, at which time, I expect to still be carrying my own debt, and will be unable to provide full support for his educational costs, and so the cycle of poverty continues as he will be forced to amass debt as well.Is this true? Is earning $50,000 a year in Canada now considered being in a vicious, unalterable, unending cycle of poverty? If so, I need to reassess my income needs.
And, if I may make a conservative point which does not necessarily apply to the woman in question, but which I believe applies in general, the cycle of poverty doesn't begin with taking out a student loan. It begins with becoming a single parent of a child conceived and raised out of wedlock. Wanna break the cycle of poverty? Show some self-restraint and wait until you're married to a reliable individual person worthy of being your partner for life.
This would do more to alleviate poverty than all the grand plans of the NDP and Liberals combined.
But don't expect it to be raised as a suggestion any time soon.