Parents and grandparents are being urged to take advantage of increased eligibility for the B.C. Training and Education Savings Grant.
The $1,200 grant from the provincial government helps parents plan and save early for their child’s post-secondary education.
“This is a fantastic way for parents in the Shuswap to plan and save for their child’s post-secondary education,” said Greg Kyllo, Shuswap MLA.
“No matching or additional contributions are required to access the $1,200. Even a small amount of savings in an RESP increases the likelihood that a child will continue their studies after high school.”
The government is investing $39 million to extend the grant to eligible children born in 2006.
The one-time grant of $1,200 per eligible child will be deposited into a registered education savings plan upon approval of the application.
Families have three years to submit an application for the grant when their child becomes eligible.