Thu., Dec. 10 | Webinar

How to plan & save for your child’s education, even if their plans change

Mike Butean, Professional Financial Advisor & Bank on Yourself Professional will present you 5 or more different options to save for child education
Registration is Closed
How to plan & save for your child’s education, even if their plans change

Time & Location

Dec. 10, 2020, 5:00 p.m. – 6:00 p.m.
Webinar

About the Event

Mike Butean, Professional Financial Advisor & Bank on Yourself Professional will present you 5 or more different options to save for child education Women with a bachelor's degree earned considerably more than women with college, high school or trades education. With median earnings of $68,342 in 2015, they earned around 40% more than women with a college diploma, around 60% more than women with a high school diploma, and about 80% more than women with an apprenticeship certificate Men with an apprenticeship certificate in the skilled trades had strong earnings. With median earnings of $72,955 in 2015, they earned 7% more than men with a college diploma, 31% more than men with a high school diploma, and 11% less than men with a bachelor's degree. A 2018 study conducted by RBC4 revealed that it is getting harder to pay for a university education through employment: “In 1990, it took 293 hours of minimum-wage work to pay the average university tuition; today it requires 505 hours.” This may help explain why many Canadian families now find themselves financially unprepared to fully or partially fund the cost of their children’s post-secondary education. The same study showed that since 1990, the government’s share of university funding fell by nearly half, while the cost of tuition at universities rose 2.7 times in real terms. Why aren’t more families better prepared to face these increased costs? Potential roadblocks to saving for education include: Cash flow limitations Debt load Procrastination Reliance on government benefits Lack of awareness regarding cost of education Lack of awareness of savings programs available Personal attitudes and choices

Registration is Closed

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