Heritage Education Funds has your ultimate RESP Roadmap!
TORONTO, Sept. 12, 2016 /CNW/ - It isn't getting any easier for Canadian students. Amid a shaky national economy and global investor uncertainty, expenses for post-secondary education in this country continue to balloon. The RESP experts at Heritage Education Funds have done some digging and uncovered some real numbers on just what it could cost, as well as some alarming stats on just how ill-prepared some families are.
Daunting? Absolutely. But that's not the full picture; there's a light at the end of the tunnel. "While the cost of post-secondary schooling is expensive, people need to realize there's lots of help out there," explains Heritage President and CEO, Jason Maguire. "The new Canada Child Benefit is a huge help, and when you combine that with an RESP, you bring compounding interest, tax-sheltered growth and government grants into the mix." That's something Canadian families will definitely want to take advantage of, as recent numbers suggest obtaining a post-secondary education is well-worth the effort. For instance, over a 40-year period, a university graduate earns $ 915,840 more than a college graduate and earns on average $1.4 million more than a high school graduate.
These numbers are encouraging to Maguire, but not surprising, given his company's 50+ year history helping families afford a higher education for their children. A father of three himself, he looks forward to the day he'll be cheering from the stands when they graduate. As for how they get there? On this, Maguire's philosophy is both straightforward and sensible: "I picture it as navigating a long, winding road," he says. "There are lots of financial obstacles that pop up, but with careful planning, regular saving, and smart investments, you can steer clear of them."
And that's great news to those of us in it for the long haul.
About Heritage Education Funds Inc:
Celebrating over fifty (50) successful years in business, Heritage Education Funds is one of Canada's leading, trusted and experienced providers of RESPs. Focused on offering value to its clients, Heritage is also the distributor of the Heritage and Impression Plans. Heritage's objective is to encourage parents, grandparents and others to save for a child's post-secondary education through a planned education savings program. For more information about Heritage, and Heritage Registered Education Savings Plans, visit HeritageRESP.com
Heritage RESPs issued under the sponsorship of the Heritage Educational Foundation. Units of the Heritage RESPs are offered by prospectus only, a copy of which can be obtained from the registered dealer, Heritage Education Funds Inc. at HeritageRESP.com. These securities may not be appropriate for all investors and are subject to certain risk factors. See the prospectus for details.
SOURCE Heritage Education Funds Inc.
Image with caption: "Prices for post-secondary education are on the rise (CNW Group/Heritage Education Funds Inc.)". Image available at: http://photos.newswire.ca/images/download/20160912_C6619_PHOTO_EN_768989.jpg
For further information: For media enquiries, please contact: Michelle Korson, Director of Marketing, Heritage Education Funds Inc., (416) 758-6494, [email protected]