Higher education is a valuable opportunity for all Canadians. Not only can it increase income earning potential for many who pursue it, but post-secondary education can also be a route out of poverty for many people living on low incomes. However, the reality is that only 30 per cent of students from the lowest income quintile end up attending post-secondary education. Even among those students with A+ averages, students from low-income families are 10 per cent less likely to attend post-secondary education than higher income students. For many families living on low incomes the financial cost of pursuing higher education is often a barrier.
Research has shown that having savings set aside for post-secondary education helps children perceive it to be within their reach. In fact, a person with access to financial assets including education savings, is more likely to graduate from post-secondary education, even if that savings is only $500.
This is why education savings tools like the Registered Education Savings Plan (RESP) and the Canada Learning Bond (CLB) are so important, to help families living on low incomes build education savings for their children.
Join us on Thursday November 15 at 1:00 pm (ET) for a one-hour webinar on increasing take up of Registered Education Savings Plans (RESPs) among people on low incomes.
Allyson Schmidt, Sault St. Marie Credit Counselling, and Rocio Vasquez, Family Services of Greater Vancouver (FSGV) will share challenges and success stories in their work to help clients save for their children’s post-secondary education. Learn successful outreach strategies, tips on increasing sign ups through one-on-one support, and other approaches that work.
This webinar is geared to frontline practitioners and organizations and agencies providing financial empowerment and other social supports to people living on low incomes.
This webinar is a free digital event. Registered attendees will receive a link via email, to access the event online.