RESPs — How will your Child Escape Student Loans?

Since it’s back to school month, I thought it would be timely to talk about your kid’s college fund and student loans. According to MoneySense magazine, experts forecast that the cost of a four-year university education in Canada, including tuition and accommodation, will run upwards of $100,000 by the time today’s toddlers graduate from high school.

But if you start planning while your kids are young, the costs of education can be affordable. Plus, you’ll save them from being burdened with thousands of dollars in student loan debt! Here are some ways to start.

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