When their exams are over and the holidays begin, students will have a lot of celebrating to do. There is no question that post-secondary education is an expensive investment. Whether living at home or on their own, students may be surprised by how quickly their expenses can add up, and many may have already blown their budget.
While 90 percent of parents say they know roughly how much debt their child has, only 78 percent of students agree, according to an RBC Student Banking survey. Some students may not want to tell their parents their bank account is running on empty, which can cause financial woes down the road.