Saving for School

Saving for School

Understand RESPs, Take Control of Your Savings, Minimize Student Debt

eBook - 2013
Average Rating:
2
1
1
Rate this:
Publisher: New York :, HarperCollins Canada,, 2013
ISBN: 9781443418690
Branch Call Number: Online eBook
Characteristics: 1 online resource
text file, rda
Additional Contributors: OverDrive, Inc

Related Resources


Opinion

From Library Staff

Comment
SPL_Sonya Oct 18, 2017

According to Gail Vaz-Oxlade, Canada's personal finance expert, graduates are coming out of school with record levels of debt. In her easy to understand book, the author outlines ways in which parents and students can make plans to minimize such debt. Included is information on the Registered ... Read More »


From the critics


Community Activity

Comment

Add a Comment

SPL_Sonya Oct 18, 2017

According to Gail Vaz-Oxlade, Canada's personal finance expert, graduates are coming out of school with record levels of debt. In her easy to understand book, the author outlines ways in which parents and students can make plans to minimize such debt. Included is information on the Registered Education Savings Plan and the Canada Learning Bond.

0Charlie Feb 18, 2015

Lots of really good "hard facts" about using RESPs to support your child's education. Up to date (2013) and Canadian, this is a useful read for any parent looking forward to the financing of college and university. Highly recommended.

Summary

Add a Summary

SPL_Sonya Oct 18, 2017

The autumn is when high school students and their parents turn their attention to post-secondary open houses, information nights and applications. It is also a time to consider the cost of a post-secondary education.

According to Gail Vaz-Oxlade, Canada's personal finance expert, graduates are coming out of school with record levels of debt. In her book, Saving for School, she outlines ways in which parents and students can make plans to minimize such debt.

She recommends that parents set up and start contributing to a Registered Education Savings Plan as early as possible. The RESP is a tax free investment vehicle which includes a grant that the government gives to families as an incentive to save for their children's post-secondary education.

Vaz-Oxlade walks through the process of choosing a RESP provider and the various ways to invest. She also warns against high fee RESP providers. Do your homework!

She touches upon the Canada Learning Bond, a grant paid by the government of Canada, as a means to assist low income families with saving money for their children's education.

The author also suggests encouraging family and friends to contribute to your child's RESP on their birthday and other special occasions; that students apply for scholarships and government grants and most importantly learn to manage money.

Despite the best laid plans, students may have to borrow some money to see themselves through school. The author suggests looking at potential earning capacity and recommends borrowing no more than one year's net salary.

In the words of Gail Vaz-Oxlade, "the less debt your kids leave school with, the better their lives will be."

Quotes

Add a Quote

SPL_Sonya Oct 18, 2017

"The less debt your kids leave school with, the better their lives will be." Gail Vaz-Oxlade, Personal Finance Expert.

Age Suitability

Add Age Suitability

There are no age suitabilities for this title yet.

Notices

Add Notices

There are no notices for this title yet.

Explore Further

Recommendations

Subject Headings

  Loading...

Find it at SPL

  Loading...
[]
[]
To Top