Funding a child’s education, either in college or university, can be challenging, especially where one does not have a constant source of income. Among the best ways to start saving for your child’s post-secondary education is through a RESP. This is a savings plan where the money is put aside by either parent, family members, or friends for the child’s post-secondary education. Why not guarantee your child’s future education with a RESP?
RESP Benefits and Opportunities
You may have noticed that nowadays, everything has gone online. For instance, every online casino play an important role in the lives of the punters. This has been made possible by the people in the IT and engineering fields. Thus, with a RESP college and university tuition, students in these fields may end up working for online casinos, which have proven to be a great destination for individuals with such backgrounds.
The money saved with a RESP is used for joining university or college by paying for textbooks, tuition, and living costs, among other expenses. The plan can be used for full- or part-time studies. For example, the world is ever-changing, and some careers, such as IT and engineering, among others, are lagging behind these changes. It will be regrettable for such a student to kill their career due to a lack of financial resources. A RESP is meant to ensure that a child’s dream is not destroyed. The plans can remain open for up to 36 years, meaning that a child does not have to start their post-secondary education immediately after high school. A RESP is flexible to provide children with different options to help them succeed in their careers.
Therefore, ensure you start contributing to your child’s RESP to avoid killing careers such as IT and engineering that hold the solutions to the word’s most significant technical issues. Global developments are only possible with answers to all the technical problems.