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 savings program.
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