The average debt hanging around the necks of Canadian graduates
is $27,000. So when they don their cap and gown and look forward to
the future, what they are actually looking at is decades of
payments. Yet only 35% of eligible kids receive the Canada
Education Savings Grant-up to $7,200 that the government wants to
GIVE parents as a reward for saving for school.
So why don't more parents use RESPs?
- They don't understand how they work
- They say they can't come up with the money
- They don't know about the grant the free money
- They aren't convinced their kids will need their help
- The language and rules just seem too complicated
Saving for School will explain the ins and outs in
Gail's trademark clear, straight-forward style. It takes parents
and future students through putting money into a plan, and taking
it out in the most tax-effective way, makes following the rules and
regulations simple, and shows you how to set your plan up to work
for YOU (as opposed to making it easy on your financial
Beyond RESPs, Gail offers a full plan for minimizing your
student debt, guiding you through how much student loan you should
take on, and offer general tips and strategies for saving and for
following a budget at school. With Gail by your side, there's no
excuse not to start Saving for School.