VIU urges those eligible to sign up for CLB
A recent study by the Bank of Montreal showed BC post-secondary students have an average of 32 thousand dollars of debt once they graduate.
Families in the Cowichan Valley who would like to learn more about saving money for their children’s future post-secondary education are invited to a couple of meetings at Vancouver Island University’s Cowichan campus.
The meetings, tomorrow (April 23) and again on May 7, are to encourage eligible families with young children to sign up for the federal government’s Canada Learning Bond program.
If deemed eligible, parents can set up a Registered Education Savings Plan bank account on the spot and the feds will immediately deposit 5 hundred dollars into it and one hundred dollars each year thereafter.
Vancouver Island University launched the CLB sign-up meetings after reports there has been a low intake in the bond program in VIU’s regions.