The most popular schools attended in 2012 by Heritage beneficiaries;
includes roughly 15,000 students' input who used their Heritage RESP to
attend post-secondary this year.
TORONTO, Dec. 4, 2012 /CNW/ - Heritage Education Funds is thrilled to announce the top selected universities and colleges by
the 2012 beneficiaries of Heritage Registered Education Savings Plans
(RESPs). Heritage's overriding goal has been to strive to encourage new
parents to start an RESP for their children, as well as to remind those
with plans to continue to contribute and increase when possible, so
that their child has the best chance possible to afford a
post-secondary education. As Heritage reflects on the number of
students who benefited from its RESPs in 2012 alone, the company goal
comes full circle and has more significance.
This year's top selected school was the University of Toronto, with
almost 12% of Heritage beneficiaries attending this year alone. Not far
behind is the University of British Columbia with over 10.7%. In third
place is York University with over 8.8% of students attending this
institution. Fourth and fifth runners up are close in attendees this
year, with University of Waterloo with 6.7%, and Simon Fraser
University with 6.6%.
There have been tens of thousands of students who have applied to use
their Heritage RESP in pursuit of university or college, let alone the
many others who chose to withdraw their savings for additional courses,
such as technical colleges.
Jasmine S. from British Columbia is thankful for her RESP this year,
allowing her to concentrate on her courses rather then her expenses:
"With nobody willing to hire a student with little or no experience,
and without the option of working full time, Heritage is my only life
line right now. Thanks to my parents registering with Heritage, I now
have the sufficient funds to allow for yet another stress free school
year that will allow me to concentrate on my education, without having
to worry about the finances of post-secondary education."
"First year of college or university is an exciting time in any child's
life" says Jason Maguire, President of Heritage Education Funds. "It is
also an extremely expensive time for parents who try their best to make
sure their child is starting off on the right foot. It is estimated
that according to the University of Alberta, a student spends upwards
of $6,000 a year in tuition, and the average student living on campus
needs roughly $17,400 for tuition, living costs, transportation and
other fees associated with on-campus living. Luckily, those students
who have kicked off their first year of school with their Heritage
RESPs are on track for a debt-free start after graduation".
Heritage's list of the 20 most popular schools spans nationally from the
University of British Columbia in second place, to the University of
Newfoundland in 14th. Surprisingly the first college to appear in these statistics is
Seneca College in 25th place, followed by Humber in 28th place. This year's statistics show a greater number of Heritage RESP
beneficiaries pursuing University over college programs.
Heritage congratulates all those who pursued a post-secondary education
in 2012 and looks forward to assisting you and your families next year.
About Heritage Education Funds Inc.
Heritage Education Funds Inc. is one of Canada's leading providers of
fixed income 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
For those interested in more information about Heritage Registered
Education Savings Plans, please visit www.HeritageRESP.com.
This document and the information contained herein are provided solely
for information purposes, and are not to be construed as a solicitation
of an offer to buy or sell any securities or other financial
instruments in Canada or any other jurisdiction. No investment decision
relating to securities of or relating to Heritage Education Funds
Inc. or its affiliates should be made on the basis of this document.
No representation or warranty is made or implied concerning,
and Heritage Education Funds Inc. assumes no responsibility for, the
accuracy, completeness, reliability or comparability of the information
contained herein relating to third parties, which is based solely on
publicly available information.
Heritage Education Funds Inc. specifically prohibits the redistribution
or reproduction of this material in whole or in part without the prior
written permission of Heritage Education Funds Inc., and Heritage
Education Funds Inc. accepts no liability whatsoever for the actions of
third parties in this respect.
© 2012 Heritage Education Funds Inc. Heritage Education Funds is the
trade name of Heritage Education Funds Inc. Heritage Education Funds
RESPs are offered by Prospectus only.
Image with caption: "Top 20 Schools Selected in 2012 (CNW Group/Heritage Education Funds Inc.)". Image available at: http://photos.newswire.ca/images/download/20121204_C5686_PHOTO_EN_21524.jpg
SOURCE: Heritage Education Funds Inc.
For further information:
Heritage Education Funds
Direct Phone: 416.758.6494