How do i minimize risk of debt?

Debt

This September I (27m) will be starting a full time 2 year education. For those 2 years, I estimated my cumulative bills to be ~$60k

Im planning on applying for as many grants/scholarships as possible to reduce that number. The rest i will have to cover with a loan from StudentAid BC.

My whole working life ive done my best to save money and stay out of debt, so the prospect of such a large debt is worrying me.

i could theoretically pay off any debt using my rrsp balance, obviously i would not like to do that though.

Working while studying also wont be an option, considering the scope of the program and my desire to not burn out and fail. Unless there is an emergency.

Does anybody have any advice to further mitigate the risks? I am working on an emergency fund in the meantime.

Posted Mar 4, 2026, 10:41 PM UTC

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