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TORONTO, ON - FEBRUARY 4: Wendy Crolla, 30, Christopher Collins, 25 and Chris Wagner, 25 each recieved their certificate of debt at a mock graduation as part of a protest at Sidney Smith Hall University of Toronto, February 4, 2004. Wendy got a B.A. in Montreal in Women's Studies & Anthropology and is now on staff with UofT's graduate students union. She is now in debt for $47,743 in student loans. Christopher (centre) is getting his Phd. in computer science and is in debt $39,000. Chris Wagner is studying for his Masters in social work and is $7003 in debt. Today is a day of action for university students across the country. Students held a mock graduation, wearing gowns etc, and going to be "graduating" students with large debts. Students appealed to federal government to put more money into grants and loans for students. (Bernard Weil/Toronto Star via Getty Images)

TORONTO, ON  - FEBRUARY 4: Wendy Crolla, 30, Christopher Collins, 25 and Chris Wagner, 25 each recieved their certificate of debt at a mock graduation as part of a protest at Sidney Smith Hall University of Toronto, February 4, 2004. Wendy got a B.A. in Montreal in Women's Studies & Anthropology and is now on staff with UofT's graduate students union. She is now in debt for $47,743 in student loans. Christopher (centre) is getting his Phd. in computer science and is in debt $39,000. Chris Wagner is studying for his Masters in social work and is $7003 in debt. Today is a day of action for university students across the country. Students held a mock graduation, wearing gowns etc, and going to be "graduating" students with large debts. Students appealed to federal government to put more money into grants and loans for students.        (Bernard Weil/Toronto Star via Getty Images)