We work with the numbers produced by the Canada student loans program, and year over year we see more applications. More loans are given out, and overall, students are relying more and more not just on provincial and federal loans that already exist but are turning to credit cards to pay for rent and groceries and are turning to student lines of credit. Students in a particular place where public loans aren't enough for whatever program they're in have to turn to a full-on student line of credit, up to $30,000 or $40,000 in some cases, just to make ends meet, and we're seeing that this trend is getting worse.
On October 23rd, 2012. See this statement in context.