How to Get Free Money to Save for Your Child's College Education
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The most popular form of the education savings is the registered education savings plan known as an Resp. Although an Resp can be started at any time, parents are advised to start an Resp when the child is born. Qualifying families who start the plan early will receive a $500 government bond in the first year to invest towards the program. Once the plan is started, the Government of Canada will continue to contribute by matching every dollar invested anywhere from 20 up to 40%.

A good strategy for investing into an resp is to invest your monthly government child tax benefit. So for example, if your family receives $50/month per child in child tax benefit and if you invest the benefit into an Resp, not only will your Resp earn interest from the investment firm but it will also be topped up with the 20-40% contribution from the government. Therefore, a $50/month investment earning 5% annually will easily gross $45,000 at maturity (18 year plan). And the best part is you will be using free money from the government (Child Tax Benefit) to earn free government grants on the investment. So take advantage of the free government grants by opening an Resp and secure your child’s future.

About The Author Angela McKenzie has an online program aimed at helping parents learn more about the Free Government Grants available and saving for future education costs. To learn more about how you can take advantage of free Canadian grants to start an education plan for your child visit http://www.respresourcecenter.org.

How to Get Free Money to Save for Your Child's College Education
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Additional Resources

category - Education Grants

Education Grants for Students Interested in Teaching Careers
Teacher Education Assistance for College and Higher Education Grants (TEACH Grants) assist those undergraduate and graduate postsecondary students that agree to teach specific and specific subjects that are in high need at schools that primarily serve disadvantaged populations.

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Alaska Native-Serving and Native Hawaiian-Seving Institutions Education Competitive Grants Program
The National Institute of Food and Agriculture has recently constituted the Alaska Native-Serving and Native Hawaiian-Seving Institutions Education Competitive Grants Program wherein it intends to award funds in an attempt to support education, applied research, and several other related community development programs.

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Government Grants Within The United States Education Sector
The United States of America prides itself as having one of the top countries with the most efficient and functional educational systems. The US has been consistently working towards the improvement of the country's education-related initiatives.

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Laura Bush 21st Century Librarian Program
The Laura Bush 21st Century Librarian Program revolves around improving then country's information infrastructure through the utilization of funding projects that are designed to address the education and training needs of certain professionals who help build, maintain and provide the public with immediate access to some of the world's vast and wide-ranging information systems and resources.

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