Wellcome to Magazine Prime

The Types of RESP: Which Should You Choose Today?

With the cost of education increasing every year, younger generations are finding it harder and harder to afford a college education. For a lot of parents, supporting their child is also not an option since this the time most of them have either already retired, or are on the last legs of their career and cannot afford to spend hundreds of thousands of dollars. The result is a sharp increase in debt for millennials just starting out. There are a lot of options for RESP and it can be very confusing. Heritage RESP lists three common plans that you can choose.