Canadians have experienced a reduction in government funding toward postsecondary education over the past ten years, as well as a shift in student-support policies. Historically, paying the costs of postsecondary education in Canada has been a responsibility shared by the state, and students and parents. Changes in government policy have forced families to assume a greater share of their children’s postsecondary costs and have required a shift in their educational planning priorities. There is a corresponding need on the part of policy researchers to better understand this reorientation. The purpose of this paper is to document how parents save for higher education in relation to the educational aspirations they hold for their children (i.e., community college, trade school, or university). The analysis compares the effect of selected sociodemographic factors on parents’ savings and use of savings instruments across community college, trade school, and university aspiration categories.
Anisef, Paul; Sweet, Robert; and Ng, Peggy
"Financial Planning for Postsecondary Education in Canada: A Comparison of Savings and Savings Instruments Employed Across Aspiration Groups,"
Journal of Student Financial Aid: Vol. 34
, Article 2.
Available at: http://publications.nasfaa.org/jsfa/vol34/iss2/2