Children’s education savings accounts are a vital tool in boosting high school completion rates, increasing post-secondary education attainment, and reducing poverty. Research shows that saving for a child’s education is connected to improved child development, greater educational and career expectations, and future financial capability.
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Participants received RESP education
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RESPs were opened
Why are RESPs so important?
Education savings are linked to high school completion and higher academic performance, in part because they influence post-secondary expectations
Education savings influence post-secondary enrollment and completion
Post-secondary education is an inter-generational poverty reduction and prevention tool
Aspire and its partners work to raise the awareness of Registered Education Savings Plans (RESPs) and the Canada Learning Bond (CLB), through sharing information with families, hosting information sessions, and offering follow-up support to families (e.g., obtaining IDs, bank visits).
Aspire partners running Education Savings programs
