Post-secondary students enjoy some of the most generous tax credits available. And even though they generally can’t use them right away, they’re allowed to carry forward unused amounts for the future when they’re earning more money.

Alternatively, they can transfer credits to a spouse, parent or grandparent, advises Cleo Hamel , a senior tax analyst with H&R Block Canada.

Full-time students can claim $400 per month and part-time students $120 per month. The number of months you’re allowed to claim is indicated on your T2202A Form.

Your tax return is for the calendar year though, so if you attended school from September to December, your T2202A Form will indicate four months. And you can claim partial months if you started late or finished early, Hamel says.

The younger generation has grown up with a confused sense of their own needs and wants. We get a skewed sense of the necessities of life from advertisers who target us to buy, buy, buy. But when is it enough? Has this generation lost the ability to understand the value of a dollar?

As the holes burn deeper into the teenage pocket, the daunting costs of post-secondary tuition are also on the rise. Statistics Canada reveals a dramatic 15 per cent increase in average Canadian tuition fees since just 2008 ($5,581, up from $4,747), with medicine and law-related degree programs peaking well over $10,000 per year.

Recent graduates trapped under a mountain of student loan debt and worrying about interest rates rising in the future may wish they lived across the border.

Under certain circumstances, the U.S. government will forgive the remainder of your federal student loan debt if you work in the public sector or for a registered nonprofit for 10 years and make your payments on time.

The Public Service Loan Forgiveness program is open to indebted students who become police officers, firefighters, emergency medical technicians or public school teachers, for instance.

And they're still not satisfied. Those who haven’t paid off their student loans overwhelmingly want those loans forgiven by their lenders, according to a recent survey released by online research firm, Instant.ly.

In this country, however, you're expected to pay it all back -- unless you're in the medical profession, that is.

Few financial decisions a parent makes are as significant -- or as expensive -- as figuring out how much to pay for a child's education.

And with tuition costs rising faster than the rate of inflation, and more and more students graduating with staggering loan debt, it's a decision that can create financial and emotional strain for even the most  affluent families.

Recently, Morningstar Advisor quizzed investors on how much of their child's college costs they paid or plan to pay and why. Readers shared stories about how they funded their children's educations and just how far they were willing to go to help them get ahead.

Managing debt is never easy, especially for students and recent graduates, many of whom are financially inexperienced. If getting a handle on your debt load is one of your 2013 resolutions, you’re in luck.

ReadyForZero is a free service that aggregates and tracks all of your debts and creates a personalized plan for repayment to get you out of the hole as quickly as possible.

This debt payoff software is built on four major points: Plan, Pay, Track, and then Relax.

You input all of your debts, interest rates, payments, and accounts. The company helps you put together a plan to pay off that debt as quickly as possible and then to track your progress.