Worried Albertans say they want the NDP to bring back RESP grant

mother reading to child

Imagine if someone promised your child $800 to help fund their education but it was taken away?  That’s what happened with the Alberta Centennial Education Savings (ACES) grant and Alberta parents are concerned about it.

We had Leger conduct a survey and the results tell us an important story about how families in Alberta want the NDP to bring back the RESP grant.

ACES-GRANT LONG WAY

The survey found 83% of Albertan parents agree that an $800 grant from the province would go a long way to help save for their child’s post-secondary education.  In fact, three in four parents would be very upset if the province took away the grant that was promised to families.

“These results speak volumes.  We’re hoping the new NDP government listens to what Alberta families are saying when it comes to helping them save for their children’s post-secondary education,” said Peter Lewis, Vice President for the Canadian Scholarship Trust Foundation.  “Without question, ACES has been a success.  The number of children with a Registered Education Savings Plan (RESP) has climbed by 122 per cent in just seven years.”

An overwhelming majority of Albertan parents (77%) agree with CST and believe the new NDP government should bring back the ACES grant.

“I’m disappointed in the decision to cancel the grant.  Investing in the future of our children is investing in the future of our province,” said Joseph Suelzle, a father of two.  “To cut the grant is short sighted.”

ACES - WORRIED

The survey found over 70% of parents are worried they won’t be able to pay for their child’s post secondary education and that as a result, will end up with a heavy debt load.

“When you look ahead to the future and how much more education is going to cost, every little bit helps,” said Amy Suelzle.  “It’s almost scary to think that there’s the probability that I can’t provide everything for my child, so any contribution and any help we can get is such a blessing.”

ACES RESPONSIBILITY

Another 63% feel that it’s the responsibility of the province to help parents pay/save for their child’s post secondary education as an educated workforce will benefit Alberta as a whole.

“The more that you put into education, the more qualified and educated people you’re going to put into society,” said Suelzle. 

She believes the ACES grant is a good motivator for parents to start saving for their children’s educational future.  “A way to help out the average person, who’s trying to provide a way for their kids to get the education that they really can’t do much without.”

Anyone born after March 31, 2015 is no longer eligible to receive the grant and children born before that date will have until July 31, 2015 to apply for the grant.

For full survey results, details about the ACES grant and information on how to apply for the grant, visit www.cstgetthegrant.ca

The Leger survey of 500 Albertan parents who have at least one child under 18 in the household was conducted online between May 15-19, 2015 using Leger’s online panel, LegerWeb.  A probability sample of the same size would yield a margin of error of +/- 4.4%, 19 times out of 20.

Worried Albertans say they want the NDP to bring back RESP grant | CST Blog | C.S.T. Consultants Inc.

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