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Hi-ho, hi-ho it’s off to school they go

Name Title Date. Hi-ho, hi-ho it’s off to school they go. Start planning and saving Several options Regardless of budget. Post-secondary education. How Much Does a Post-Secondary Education Cost?. Resources. Websites of schools of interest Education Cost Calculator www.canlearn.ca.

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Hi-ho, hi-ho it’s off to school they go

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  1. Name Title Date Hi-ho, hi-ho it’s off to school they go

  2. Start planning and saving Several options Regardless of budget Post-secondary education

  3. How Much Does a Post-Secondary Education Cost?

  4. Resources • Websites of schools of interest • Education Cost Calculator www.canlearn.ca

  5. Financing your children’s dream • Cost of obtaining a degree has risen by 180% since 1990/91 Source: “Average Cost for Undergraduate Fees”, CAUT Education Review, Vol. 5, No. 1, 2003

  6. Annual estimated cost of University All costs are averaged across all provinces and rounded to the nearest hundred, based on a 32-week school year.

  7. Registered Education Savings Plan (RESP) • Tax sheltered • Contributions and investment returns grow tax-free

  8. Canada Education Savings Grant (CESG) • Contributions of 20% on the first $2,500 each year • Maximum of $500 per year, per child

  9. RESP Overview Source: Canada Revenue Agency

  10. Additional sources for funding • Child helps contribute through part-time job • Co-op program • Child works part-time during school

  11. Pursue scholarships • $200 million distributed annually • Value from $100 to $19,000 • 70% go to first-year students Source: Maclean’s Guide to Canadian Universities, 2006, page 174

  12. Scholarships – 2 categories • High-ranking academic students • Entering into a program or after completion • Community services may be considered • Need-to-apply • Offered by corporations, charities, governments, private philanthropists • Thousands available

  13. Surf the internet • www.ScholarshipsCanada.com • Customize your search • Over 7,000 listings of scholarships, bursaries and awards

  14. Resources • www.scholarshipscanada.com • www.aucc.ca/scholarships/open_e.html • www.millenniumscholarships.ca • www.studentawards.com • www.schoolfinder.com • www.canlearn.ca • www.canadian-universities.net

  15. Diploma pays dividends • Graduates can expect to earn 12 – 20% more than non-graduates Source: McLeans Guide to Canadian Universities, 2006, page 46

  16. Important Notes • The commentary in this presentation is for general information only and should not be considered investment or tax service to any party. Individuals should seek the advice of professionals to ensure that any action taken with respect to this information is appropriate to their specific situation. • Manulife Investments is the brand name identifying the personal wealth management lines of business offered by Manulife Financial and its subsidiaries in Canada. As one of Canada’s largest integrated financial services providers, Manulife Investments offers a variety of products and services including: segregated funds, mutual funds, principal protected notes, annuities and guaranteed interest contracts. • Manulife and the block design are registered service marks and trademarks of The Manufacturers Life Insurance Company and are used by it and its affiliates including Manulife Financial Corporation.

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