A guide to saving for your kid’s college/university education

About Survey says Join us Resources We can help Media


About

At CST we believe every child should be able to go to college, university or pursue other post-secondary programs.
With soaring tuition fees and household debt it’s more important than ever for parents to plan ahead and start saving for their child’s education.

Join us and make the pledge to bridge the gap between the cost of education and what you’re saving today at #BCBridgetheGap. Take advantage of the BC Training and Education Savings Grant and other grants available to you from the Government of British Columbia and the federal government. Give your child the boost they need and make education matter.

Survey says...

Did you know that a Bachelor of Arts degree at the University of British Columbia could cost as much as $32,575 in 2016 when student fees and books are factored in? We connected with our friends at Ipsos to survey BC parents to find out how much they knew about the cost of higher education and how they were saving for the ever-increasing fees. Explore our survey results below:

Join us...

Every parent can do their part to help their child achieve a post-secondary education. Taking advantage of the BC Training and Education Savings Grant and opening an RESP are just some of the ways you can help.

Did you know?

  • University grads earn on average 50% more than other full-time workers who don’t have a degree.
    Source: Universities Canada, Back to School Quick Facts, August 2015
  • Over 92% of BC university grads are working, mostly in their chosen fields.
    Source: Research Universities’ Council of BC
  • In 2016, 80% of Canada’s top 25 jobs require a university degree.
    Source: Canadian Business, “Canada’s Best Jobs 2016”

Make the pledge. Use #BCBridgetheGap and tell the world what you’re doing to help your child succeed!
You could be eligible to win one of 12 $100 gift cards.
No purchase necessary. See contest rules for details.

Resources

From helpful advice, interesting blogs and articles to community and government links in British Columbia CST has you covered.

What is a Registered Education Savings Plan?

Understanding RESP government grants

Getting the most from your RESP

What is the BC Training and Education Savings Grant?

Tuition fees in British Columbia

Budgeting Beyond Tuition

Teaching your kids about money

Test your financial literacy with this quick quiz

The value of a university degree in British Columbia

We can help

Managing the cost of saving for your child’s post secondary education can be as easy as 1, 2, 3.

Let CST help you:

  1. Save for your child’s education with an RESP*
  2. Access the BC Training and Education Savings Grant.
  3. Access the thousands of dollars in other government grants**

* The Canadian Scholarship Trust Plan is only sold by Prospectus.
** Conditions and eligibility prescribed by government agencies.

Media

News Releases

Backgrounder

Story ideas

  • Parents in British Columbia anticipate going into debt to save for their child’s education
  • Lack of awareness when it comes to education costs and managing them; including government grant programs
  • Budgeting advice for university and college
  • Budgeting beyond tuition fees

Media Contacts

Edyta McKay
Manager, Corporate Communications
416-276-5001 (mobile)
[email protected]

Jennifer Palisoc
Social Media & Communications Specialist
416-602-2849 (mobile)
[email protected]

* The Canada Education Savings Grant matches 20% of the first $2,500 you contribute to your child’s RESP each year up to a lifetime maximum of $7,200. BC Training and Education Savings Grant is a one-time $1,200 grant for eligible BC resident children born on or after January 1st 2006 available on or after their sixth birthday until the day before their ninth birthday. Conditions apply.

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