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Discussion

Ontario BSN program quality question.

I was just on the Ontario student loans default website and noticed that McMaster University's BSN program had a 14% default rate, meaning that of those that took out loans to complete this program, 14% were not able to repay their loans. I am wondering if anyone knows what the reason for this is. Is is lack of employment opportunities, a poorly run program or something else entirely? Any input would be great.

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Or perhaps they chose not to repay the loans? Could be people who dropped out of the programme, there are any number of possibilities.

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Or it could be, as my daughter discovered, that the amount of money Student Loans thinks is enough to live on is pie-in-the-sky ridiculous. She has had to petition for interest-only payments until she starts making some real money.

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