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How much do I need to save for my child's education?

It is never too early to start saving and planning for your child(ren)'s education. For most families, the easiest way to save is by making regular RESP contributions. This education savings calculator will help you estimate how much money you need to put into an RESP account each year to cover those education costs.

You will be asked to enter some personal information as you use the calculator. Don't worry - none of this information will be recorded or saved. To make a copy of the results of the calculator, just hit the "Print Results" button and the document will be sent to your printer.

Note: There are other ways to save for your child(rens) education, such as a lump sum payment of up to $50,000 or even saving outside of an RESP. This calculator does not address these scenarios — we would suggest that you consult a qualified professional if you are considering these options.

The results provided by the above financial calculators are hypothetical and are for illustrative purposes only. Investor Education Fund does not guarantee either the applicability of the above financial calculators to your individual circumstances or the accuracy of any results obtained by their use. Although we believe the above financial calculators to be accurate and complete, we accept no liability for any inaccuracies or omissions which may occur. By offering the above financial calculators for your use, Investor Education Fund does not intend to provide you with any financial, legal, tax, or accounting advice, or with any advice regarding the suitability or profitability of any product, investment or financial strategy or decision. Please consult our Terms of Use for additional information.