Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - What are you doing to save for kids education

MoneyGuy · 07-24-2014, 10:55 AM

I don't get those who say university is cheap. My kids are done with post-secondary but a four-year degree could easily cost $10,000 a year and costs are rising by a good clip, so you need to save.

For anyone who cares, RESPs are a pain in the arse to set up for the financial institution. Some won't even do them, even if you have other large accounts. Tonnes of paperwork is required.

Those old-style plans are crap. Avoid them. Call Slava.

07-24-2014, 10:55 AM	#21
MoneyGuy Franchise Player Join Date: May 2006 Exp:	I don't get those who say university is cheap. My kids are done with post-secondary but a four-year degree could easily cost $10,000 a year and costs are rising by a good clip, so you need to save. For anyone who cares, RESPs are a pain in the arse to set up for the financial institution. Some won't even do them, even if you have other large accounts. Tonnes of paperwork is required. Those old-style plans are crap. Avoid them. Call Slava. Last edited by MoneyGuy; 07-24-2014 at 11:34 AM.