|
| |
College Scholarships: How to Find Money for School
Many potential college students don't end up attending university due to a lack of money, however there are thousands of college scholarship programs available. Here is a list of the most common types of college scholarships that students can apply for: ...
Job Search Tip for College Students
Job Search Tip for College StudentsBill DuniganToday everyone is looking for that special job that will suit their exact needs. In this day and age we all have circumstances, situations, obligations, etc. that make demands on our time and energy. In most ...
Saving for College: How to make your plans
When you've got a kid or two, you're going to have to start thinking about one of the inevitable problems of parenthood: saving for college. This is often the single biggest expense of having kids, and private schools can run forty thousand dollars per ...
|
|
|
|
| |
To help pay for future education cost, the Government of Canada has taken great initiative to ensure that every Canadian child will have the funds necessary to get an education by providing families with free government grants. The free grant was introduced in 1998 to encourage parents to start saving for their children's education costs and it has been ever increasingly growing in popularity.
How does the program work? The most popular form of the education savings is the registered education savings plan known as an Resp. Although an Resp can be started at any time, parents are advised to start an Resp when the child is
born. Qualifying families who start the plan early will receive a $500 government bond in the first year to invest towards the program. Once the plan is started, the Government of Canada will continue to contribute by matching every dollar invested anywhere from 20 up to 40%.
A good strategy for investing into an resp is to invest your monthly government child tax benefit. So for example, if your family receives $50/month per child in child tax benefit and if you invest the benefit into an Resp, not only will your Resp earn interest from the investment firm but it will also be topped up with the 20-40% contribution from the government. Therefore, a $50/month investment earning 5% annually will easily gross $45,000 at maturity (18 year plan). And the best part is you will be using free money from the government (Child Tax Benefit) to earn free government grants on the investment. So take advantage of the free government grants by opening an Resp and secure your child's future.
About the author:
For more information about the registered education savings plan, please visit
www.respresourcecenter.o rg
|
|
|
|
|
|
 |
ScholarShare Announces College Savings Account GiveawayMarketWatch (press release)SACRAMENTO, CA, May 24, 2012 (MARKETWIRE via COMTEX) -- ScholarShare, California's 529 college savings program, announces that they will host their first ever sweepstakes on Twitter, giving all qualified entries the chance to win a $1529 ScholarShare ... |
|
