Alberta parents embrace RESP’s
Posted Sep 11, 2012 6:58 am.
This article is more than 5 years old.
A new survey says more parents are turning to RESP’s to fund their kids’ post-secondary education.
The survey by BMO says 57 per cent of parents in Alberta have already set up a Registered Education Savings Plan.
That’s compared to 52 per cent of parents nationally.
Post-secondary costs have been increasing steadily over the past decade.
According to The Calgary Herald, a four-year degree can now cost upwards of $60,000.
BMO spokesperson Robert Armstrong says it is encouraging to see parents are planning for the future.
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