How to Get Free Money to Save for Your Child's College Education
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The most popular form of the education savings is the registered education savings plan known as an Resp. Although an Resp can be started at any time, parents are advised to start an Resp when the child is born. Qualifying families who start the plan early will receive a $500 government bond in the first year to invest towards the program. Once the plan is started, the Government of Canada will continue to contribute by matching every dollar invested anywhere from 20 up to 40%.

A good strategy for investing into an resp is to invest your monthly government child tax benefit. So for example, if your family receives $50/month per child in child tax benefit and if you invest the benefit into an Resp, not only will your Resp earn interest from the investment firm but it will also be topped up with the 20-40% contribution from the government. Therefore, a $50/month investment earning 5% annually will easily gross $45,000 at maturity (18 year plan). And the best part is you will be using free money from the government (Child Tax Benefit) to earn free government grants on the investment. So take advantage of the free government grants by opening an Resp and secure your child’s future.

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.

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

category - Education Grants

Financing Your Education - Federal Perkins Loans
The Federal Perkins Loan Program helps those undergraduate postsecondary students that cannot afford their educational expenses without financial assistance with a low interest loan. The loan is in place to help them meet their educational expenses to the completion of a postsecondary degree.

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Government Grants Within The United States Education Sector
The United States of America prides itself as having one of the top countries with the most efficient and functional educational systems. The US has been consistently working towards the improvement of the country's education-related initiatives.

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Learning Disabilities Innovation Hubs Program
The National Institutes of Health has partnered with the Eunice Kennedy Shriver National Institute of Child Health and Human Development (NICHD) to establish the Learning Disabilities Innovation Hubs Program where both agencies intend to solicit resource-related research project grant applications that concentrate on the etiology, manifestation, prevention, and remediation of writing, reading, or mathematics learning disabilities.

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Looking for College Grants?
Grants are a type of student aid that is awarded by the government. Grants for college students do not have to be repaid. Grants are based upon financial need, as calculated by the federal aid progr...

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