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Originally Posted by fundmark19
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Has this actually been done yet, or just promised. I like the idea, I'm just not sure it ahs been done yet.
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Originally Posted by puckedoff
How much is too much (per child) in an RESP? My kids are young so it is hard to know how much they will need in the future, but I don't really have a clue what a university degree costs in current day even (inclusive of living expenses etc).
Do you guys set a target amount and then tap out after that? Even maxing out the government match on the RESP seems like way too much to me.
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Having just put my two kids through school you can ballpark about $8k per year for tuition and direct school expenses, and at least the same again for housing/food (probably more) if they move away from home. So call it $16-20k per year.