Essay Global Challenges and Pakistan

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EDUCATION:

A GOOD
THE BEST INVESTMENT
A summary of your options

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TABLE OF CONTENTS
1 A Good Education: The Best Investment

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2 Paying For Education: Three Ways to Get There

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3 Investing Today for The Future

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Option 1: The Education Savings Plan
How Education Savings Plans Work
The Canada Education Savings Grant
Types of Education Savings Plans
Education Savings Plans: You Were Asking?
Tips for Education Savings Plans
Education Savings Plans: Multiple Choice

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Option 2: “In Trust” Accounts
“In Trust” Accounts: The Tax Advantages
Setting Up an “In Trust” Account
Formal vs. Informal Trusts
“In Trust” Accounts: You Were Asking?
Tips for “In Trust” Accounts

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4 How Much Is Enough?

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5 A Final Comparison

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A Good Education:
The Best Investment

1

A Good Education:
The Best Investment
How important is a post-secondary education to your children or grandchildren? Consider
that the Canadian government itself has said that, by the year 2000, a full 65 percent of
all new jobs in Canada will require a post-secondary education.1 With statistics like these,
it’s no secret that children today, more than ever, will have to look to formal education to
make it in the real world.
And education doesn’t come cheaply.
In 1988, roughly $1,300 would cover
the annual tuition for one year of
post-secondary studies. Today, just
ten years later, those tuition fees
have more than doubled, to over
$3,000. The truth is, tuition costs have
increased at a pace more than 5 percent above general price inflation over
the last decade. With government
spending reaching new lows, you can
count on education costs to continue
increasing at a rate rivaled by little else.

The bottom line? You can expect four
years...