De Jong commits to making post secondary more affordable
For Immediate Release
December 1, 2017
De Jong commits to make post secondary more affordable
VICTORIA – Post secondary education and training will be more affordable for parents, guardians, and the next generation with BC Liberal Leadership candidate Mike de Jong’s commitment to provide an additional $500 in education savings per year for eligible children
A BC Liberal government led by de Jong would expand the program he previously introduced, to invest an additional $500 every year in the Registered Education Savings Plans (RESPs) of eligible children until they turn 18. This additional investment along with interest generated would mean students could start their post-secondary training or education with a minimum of $7,000 in their RESP.
“This boost to the B.C. Training and Education Savings Grant is an investment in the next generation and in our province,” de Jong said. “An education unlocks unimagined possibilities for individuals and it helps build a more prosperous province.”
Like the existing BCTESG program, the grant would be available to all eligible families regardless of income – there is no need to make additional contributions to receive the grant. All a family needs to do is to open an RESP account and apply for the grant.
The B.C. Training and Education Savings Grant program was introduced by de Jong as Finance Minister and has made $1,200 available for an RESP for every child born after Jan. 1, 2006.
The $500 grant amount would be reviewed with every budget to keep pace with increases in post-secondary tuition fees.
“We don’t manage our economy and budgeting well for its own sake – we do it so we have the ability to invest in programs that make life better for people,” de Jong said. “The NDP’s reckless approach to our economy is risking our province’s ability to make investments like this. That’s why I’ll continue holding them accountable every day.”
The BC Liberal party will hold a leadership convention to announce the new leader on Saturday, Feb. 3, 2018.