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No money in the piggy bankIreneusz Skorupa

Soaring costs of education means staggering debt for more than half of Canada's graduates.

To keep up with the rising costs, students increasingly rely on debt to finance post-secondary education. In the past decade, the proportion of graduates in debt increased from to 57 per cent from 49 per cent, according to a 2010 Statistics Canada report.

Jeffrey Schwartz, executive director of Consolidated Credit Counseling Services of Canada, discussed this problem and gave advice on how to deal with student debt in the following live chat.

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<iframe src="" scrolling="no" height="650px" width="460px" frameBorder ="0" allowTransparency="true" ><a href="" >How to deal with student debt</a></iframe>