Improving Education Outcomes through Children's Education Savings
Author:
Topic: Asset building and saving
Publisher: Momentum
Location: Canada
Format: Brief
Content Type: Programs
Publication Date: May 1, 2016
Topic: Asset building and saving
Publisher: Momentum
Location: Canada
Format: Brief
Content Type: Programs
Publication Date: May 1, 2016
Children’s education savings accounts are a vital tool in boosting high school completion rates, increasing post-secondary education attainment, and reducing poverty. Research shows that saving for a child’s education is connected to improved child development, greater educational and career expectations, and future financial capability.
This brief explains why RESPs are so important, and how parents can use RESPs to save for their children's education.
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