TORONTO, ONTARIO--(Marketwire - Feb. 20, 2013) - Canadian Scholarship Trust Foundation (CST) applauds the Government of British Columbia for announcing a new grant for families who have invested in their child's post-secondary education through a Registered Education Savings Plan.
As the pioneer of education savings plans in Canada, CST has been advocating on behalf of its plan holders and Canadian families to repurpose the Children's Education Fund (CEF) to create an RESP grant.
We are pleased to see that the government is listening to the needs of BC families by moving forward with this program. CST believes the availability of government incentives such as the proposed B.C. Training & Education Savings Grant will encourage more families in British Columbia to save for their child's education.
RESPs are a simple and effective way to give children a jump start when it comes time to enrolling in post-secondary education.
According to the RESP Dealers Association of Canada, over 80 per cent of children with RESPs go on to post-secondary education and of those, over 90 per cent graduate, a statistic that shows how important and relevant it is for government to invest in savings vehicles that show a positive return for all Canadians.
The Canadian Scholarship Trust Foundation is a non-profit organization that has been helping families save for post-secondary education for over fifty years. As a wholly-owned subsidiary of the Foundation, C.S.T. Consultants Inc. (CSTC) is the distributor and manager of the Canadian Scholarship Trust Plans. Focused exclusively on growing and protecting its planholders' savings, CSTC currently manages $3.8 billion in assets for over 280,000 Canadian families. CSTC boasts a sales force of 640 located across the country. The Canadian Scholarship Trust Foundation offers its own awards for academic achievement and community engagement to those students in their Group Plans who are pursuing graduate studies. For more information about RESPs at CST go to www.cst.org or find us on Twitter @CSTConsultants.