TORONTO, Sept. 26, 2012 /CNW/ - Heritage Education Funds proudly congratulates this year's students in pursuing a post-secondary education with the assistance of their Heritage Registered Education Savings Plan (RESP). As a leading group RESP provider for almost 50 years, and over $2.25 billion in assets under management, Heritage is passionate about delivering a low risk and flexible solution for parents who wish to assist their children in pursuing a higher education.
The Heritage Plans have continually provided subscribers with steady and impressive returns. The Heritage Plans offer a great degree of flexibility as education solutions are designed around each subscriber's personal financial circumstances. To date, over $900 million in education savings and Educational Assistance Payments have been paid out, and as of July 31, 2012 the plan has provided 1, 3, 5 and 10 Year Returns of 6.91%, 6.29%, 6.10% and 6.20% respectively.
The costs associated with attending university or college are nothing less than steep, and for many children, the ability to access a post secondary education is limited by their finances. According to CanLearn, a student today, with the steady climb in tuition fees each year, is estimated to pay between 5%-13% each year, in 10 years students may pay up to $27,157 per year in tuition alone, or over $108,600 for a four-year program*.
Right across Canada post-secondary enrollment is on the rise and it is clear that Canadian families continue to turn to smart saving solutions for their children's futures. In spite of continued volatility in global equity markets, the Heritage Plans have delivered consistent and strong investment returns.The Heritage Plans were suitably invested to deal with economic uncertainty through their prudent investment strategy which shelters investors from the more volatile equity markets.
"We are very proud of our RESP products and the fact that Heritage has provided a solution for families wishing to assist their children with pursuing a post-secondary education" says Jason Maguire, President of Heritage Education Funds. "The benefits of starting early, putting away money each month or annually, in a Heritage RESP can relieve a family of the burden of barring debt in a child's pursuit to higher education". Mr. Maguire also highlighted the flexibility of the Plan - "One of the amazing features of the Heritage RESPs is that it allows a great degree of flexibility as education solutions are designed around each subscriber's suitability and affordability".
Heritage's main focus has, and will always be building the future of Canadian children. We would like to wish a successful year to all our students attending their first year of college or university, and of course those returning this year to complete their studies. We are so proud to have been part of the solution in getting you there.
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*Statistical information provided by CanLearn
© 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.
Video with caption: "Heritage Education Funds is one of the leading Canadian distributors of fixed-income Registered Education Saving Plans (RESPs) with almost 50 years in RESP experience. Learn more about who is behind this wonderful Canadian company and what really drives the passion for this business.". Video available at: http://youtu.be/4W_xXVEfOw4
Image with caption: "Heritage Education Funds has paid out over $900 million in savings and Educational Assistance Payments to families in Canada. With over $2.25 billion in assets under management and almost 50 years of RESP experience, Heritage can help you make your child's dream come true. (CNW Group/Heritage Education Funds Inc.)". Image available at: http://photos.newswire.ca/images/download/20120926_C9154_PHOTO_EN_18463.jpg
SOURCE: Heritage Education Funds Inc.
For further information:
Those interested in more information about Heritage Registered Education Savings Plans, please visit www.HeritageRESP.com or contact:
Heritage Education Funds
Direct Phone: 416.758.6494