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
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
Heritage Education Funds is the trade name of Heritage Education Funds
SOURCE Heritage Education Funds Inc.
For further information:
please visit www.HeritageRESP.com or contact:
Heritage Education Funds Inc.
Direct Phone: (416) 758-6494