Bright Futures Begin for Four Young Canadians

    USC Education Savings Plans Inc. awards RESP scholarships

    TORONTO, Sept. 6 /CNW/ - It's a lullaby of books, binders and bright
futures at the homes of four young Canadians today, winners of USC Education
Savings Plan Inc.'s (USCI) 2007 National RESP Scholarship Contest.
    The annual contest, now in its 16th year, gives families across Canada
the chance to win a Family Group Education Savings Plan valued at up to
$10,000. The scholarship money is placed in an RESP (Registered Education
Savings Plan) that can be accessed when the child is ready to begin
post-secondary education.
    "With the average cost of post-secondary education rising above $60,000
we're extremely proud to provide these families with a head start in saving
for their children's education," said Michael Geraghty, President & CEO.
    This year, the lucky children are: Jeremy Epp from Leamington, ON; Adalee
Brown from Edmonton, AB; Tatem Dawson from Quispamsis, NB; and Kaiden Kelly
from Barrie, ON.
    "There are many ways parents can save for a child's education," said
Geraghty. "Setting up an RESP and applying for scholarships and awards are
both excellent ways to offset the increasing costs of a post-secondary
    The USCI RESP scholarship contest is free to enter and open to all
Canadian children under the age of 10. Submissions for next year's
scholarships are now open and full contest details can be found at

    USC Education Savings Plans Inc. has been distributing RESPs for over 40
years. Total assets under administration are $2.2 billion and $1.4 billion
million has been returned to parents and qualified students. The company has
over 400 licensed representatives and is a wholly owned subsidiary of the
International Scholarship Foundation.

For further information:

For further information: Media Relations contacts: Lynn Bisnaire, Cohn &
Wolfe, (647) 259-3267,; Alexandra Cygal, Cohn &
Wolfe, (647) 259-3266,

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