Home Health Parents News Now Cost-Anxious Teens Look to Canada for College Cost-Anxious Teens Look to Canada for College By Holly Lebowitz Rossi April 26, 2013 Advertisement Save Pin FB More Tweet Email Send Text Message Print shutterstock_12121111 30294 About one in six people who owe money on their student loans is in default. Such a debt load is a harsh reality that is forcing a growing number of young people to look north to Canada for an education they can better afford. Six percent of McGill's student body is American, and the ranks are growing. The number of U.S. students at Canadian colleges rose 50 percent in a decade, and now about 10,000 Americans attend Canadian colleges, according to the Institute for College Access & Success. That institute also says graduates from an American university can expect, on average, to carry more than $26,000 in debt. And about 9 percent of those grads default on student loans within two years. The largest cost of going to school in the United States is the tuition, which is astronomical compared to Canada. At schools such as the University of Chicago and New York University, the annual tuition tops $40,000, far above their Canadian counterparts, which benefit from a tradition of robust government support. Image: Canadian flag, via Shutterstock By Holly Lebowitz Rossi Save Pin FB More Tweet Email Send Text Message Print Comments Add a Comment Be the first to comment! No comments yet. Advertisement Close this dialog window Add a comment Cost-Anxious Teens Look to Canada for College Add your comment... Cancel Submit Success! Thanks for adding your feedback.