Family savings for post-secondary education - A summary of Research on the Importance and Impact of Post-Secondary Education Savings Incentive Programs
The Omega Foundation commissioned this research to better assess the influence of education savings and the federal government’s savings incentive grants for saving on post-secondary access. Our hope was to clarify the facts which have until now been largely obscured. This information gap has led to conflicting views on the potential value of savings as a stimulus for participation in post-secondary education (PSE) and has consequently reduced the visibility of the potential opportunity. The findings of this research only strengthen our resolve. The link between family savings for PSE and PSE access and completion is clear, as is the link between savings and attitudes such as expectations for a child’s educational success. What is becoming clearer is that it is the presence of savings that positively impacts those attitudes and behaviours.