Heritage passes $2 Billion mark in assets under management

Heritage Education Funds has paid out over $750 million in Savings and Educational Assistance Payments to Canadian children to pursue their post-secondary education dreams

TORONTO, Nov. 7, 2011 /CNW/ - Heritage Education Funds has surpassed the $2 Billion mark in assets under management, and in this year alone Heritage has paid out over $130 million from its Heritage Registered Education Savings Plans (RESPs), proving that in spite of continued volatility in the global equity markets, that Heritage RESPs are a lower-risk investment for a child's future post-secondary education.

The cost of a post-secondary education has continued to rise and many Canadian families are struggling to provide their children with the education they deserve. According to Statistics Canada, the average cost of a four year post secondary degree is roughly $20,000, and this does not account for the additional expenses for living, social or food. Undergraduate students in programs such as architecture are paying 6.5 % more than last year, roughly $5,140 a year in tuition. Statistics Canada also reported that many other popular programs such as law and legal have experienced a rise of 5.7% in their tuition fees.  The frightening aspect about these statistics is that these numbers will only increase over time. "This is the staggering reality that our up and coming students face" said Jason Maguire, President of Heritage Education Funds. "Heritage has one premise, to help families save for their children's post-secondary education in a safe and affordable way to ensure they can support their children's dreams".

Heritage Education Funds offers one of the highest performing and most flexible fixed income RESP investments in Canada, and to date Heritage has enrolled over 370,000 children. Heritage has been helping families for over 46 years and since 1988 has paid out over $750 million.

What sets Heritage Education Funds apart is not only the almost 5 decades of proven expertise but the assurance that Heritage provides families a lower-risk investment option for their hard earned dollars. As of September 30, 2011, Heritage Plans returns based on 1, 3, 5 and 10 Year were 4.98%%, 6.83%%, 5.01% and 6.38%, respectively. The Heritage Plans also offer a great degree of flexibility as education saving solutions are designed around each subscriber's suitability and affordability.

Heritage's focus has always been about the future of our children, by providing subscribers with a reliable, flexible education savings investment option. For more information about Heritage Education Funds and RESPs contact us at 1.800.739.2101 or visit www.HeritageRESP.com.

About Heritage Education Funds Inc.

Heritage Education Funds Inc. is one of Canada's leading providers of pooled group RESPs (Registered Education Savings Plans) and is the distributor of the Heritage and Impression Plans.  Heritage's objective is to encourage parents, grandparents and other interested adults to save for a child's post-secondary education through a planned education savings program.

Heritage Education Funds is the trade name of Heritage Education Funds Inc

SOURCE Heritage Education Funds Inc.

For further information:

please visit www.HeritageRESP.com or contact:

Alexzandria Johnson
Director, Marketing
Heritage Education Funds Inc.
Direct Phone:  (416) 758-6494
Email: a.johnson@heritagefunds.ca

Profil de l'entreprise

Heritage Education Funds Inc.

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