How to Get Free Money to Save for Your Child's College Education

 by: Angela McKenzie

Did you know that a college educated person will earn 2.5 times more over a lifetime than someone without a post secondary education? College educated people are more likely to keep their jobs when times are tough and are more likely to be working than those without a post secondary education. Now getting an education can be expensive. One year in a Canadian degree program such as an arts and science program can easily cost $5000/year. If you are an out of province student, the extraneous expenditures can easily increase your education costs by $3000/school year.

To help pay for future education cost, the Government of Canada has taken great initiative to ensure that every Canadian child will have the funds necessary to get an education by providing families with free government grants. The free grant was introduced in 1998 to encourage parents to start saving for their children’s education costs.

How does the program work?
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How to Get Free Money to Save for Your Child's College Education
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About The Author Angela McKenzie has an online program aimed at helping parents learn more about the Free Government Grants available and saving for future education costs. To learn more about how you can take advantage of free Canadian grants to start an education plan for your child visit http://www.respresourcecenter.org.

Additional Resources

category - Education Grants

Pell Grants - Help with Financing Your Education
The Federal Pell Grant Program is overseen by the Department of Education and falls under the Federal Student Aid Information Center. In order to be eligible students must be enrolled in eligible schools that may be public or private nonprofit institutions of higher education.

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Community College Tuition is Affordable
Community colleges are local colleges that offer two year degrees and certifications. Students can take classes at community college and earn credits toward a two year or four year degree program. C...

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Financing Your Education - Work Study Opportunities
The Federal Work-Study Program assists those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance by providing them with part-time employment. Not only does the Federal Work-Study Program provide part-time employment, it also encourages these students to participate in community service activities.

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Educational Grants - Financing Your Education with State Assistance
The Leveraging Educational Assistance Partnership (LEAP) provides grants to States that can be used in financial assistance programs to help support eligible postsecondary students.

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