Studies have shown that having as little as $500 saved for post high-school education can increase students’ likelihood of attending or graduating college. Another study shows substantial labor market outcomes for college graduates in Canada.
Unfortunately, an average of 6 in 10 eligible children don’t access the education savings grants.
In one part of School District 57 where your school is located, there are 1,611 eligible children who have not claimed their grants.
Future Bright helps families overcome the barriers to claiming these grants, which many people don’t know exist:
• Claiming the Canada Learning Bond, valued at $2,000, available for children up to and including age 16.
• Claiming the BC Training & Education Grant of $1,200, available for children who are 6 to 8 years old.
• Setting up a no-cost RESP (Registered Education Savings Plan) for their child. The grants are deposited into the RESP account.
• Obtaining the necessary government ID needed to open the RESP account, at no cost.
In addition to live, personalized support by phone or Zoom, Future Bright has created a series of video tutorials to walk families through the different steps in the process. Families only need to watch the videos that pertain to their situation.
More information about Future Bright and our video tutorial series can be found at www.myfuturebright.ca.