The increasing cost of tuition fess in Canada

The Rising Cost of Tuition Fees

During the 1990s, undergraduate tuition fees in Canada increased at an annual average rate of more than 9.6%. In the 1990/1991 and 1991/1992 academic years alone, they went up 15.2% and 16.5%, respectively. Since the year 2000, the increasing cost of education has slowed to an average of 3.8%. In 1998

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RESP, Canada Education Savings Grants and Learning bonds

Registered Education Savings Plans

Because of the escalating cost of tuition fees every year, the government of Canada has provided a means for parents to maximize the growth on their savings and investments through an RESP, or Registered Education Savings Plan. Money invested inside of an RESP will grow at a much faster rate than moni

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