Budgeting for Continuing Education

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Created: Wednesday, 08 October 2014 15:18

Written by Dave Harris

Navigating post secondary financial planning for children that are leaving the nest for the first time can be a daunting task. Every fall, we work with a number of clients that are undertaking this challenge. If you have been making regular contributions to an RESP and benefitting from the government grant that has been a great first step in planning for continuing education. However, there is no way around the cost of education.  Today, a four year program can cost upwards of $60,000.  First year of university alone, with meal plan and residence, will eat up most of $20,000 if you include a new laptop in the mix.

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