Education Savings Week
November 20-26 is Education Savings Week!
Dozens of organizations from government agencies, to financial service providers, to organizations like Career Trek raise awareness of the various government financial incentives available to families simply by opening a Registered Education Savings Plan for their children.
Career Trek knows how having savings earmarked for education can go a long way for students and so does Rose Tobacco-Olson, a former Career Trek participant, who is the beneficiary of a Career Trek scholarship.
Rose’s Savings Story
When she was eleven, Rose Tobacco-Olson was sitting at the back of the auditorium at the Wonder of Work convocation ceremony. The year was 2008. She was a bit shy and wasn’t going to attend until her mom told her it was a big day and she should be there.
You see, Rose grew up in the North End of Winnipeg and saw poverty every day and even experienced it herself, so a convocation ceremony for Career Trek seemed unimportant to her young mind, especially when compared to the challenges she faced.
When Rose got to the auditorium she went and sat way at the back and thought to herself that she wasn’t going to win any awards that day.
“And then they called my name,” says Rose. “I had to walk all the way down the stairs and it was just so nerve wracking and really incredible too.”
Rose had won the I Will Succeed Award, a $1,000 RESP given to a Trekker who has great potential to succeeded in future education and career endeavours.
“With Career Trek, everything was so interesting…I knew I had lots of options…it just felt like I could be anything if I wanted,” says Rose. Rose is now 19, studying Human Rights and Political Science and wants to become an international human rights lawyer.
When asked how important it is to receive financial support Rose says, “I think it’s very important…especially if you live in any area like the North End.”
You have this [support] and it’s going to be there for you to help so you don’t have to worry about anything else as you’re going to school,” says Rose. “You just know that this is there and it’s a good push and motivation.”
Partnering for Student Success
For the past ten-years the Canadian Scholarship Trust Plan has partnered with Career Trek to provide over fifty $1,000 I Will Succeed Scholarship Awards to extraordinary Career Trek participants.
At Career Trek we know that all every child has the potential to be extraordinary, but with the rising cost of post-secondary education, many will need financial support in order to achieve their educational and career dreams.
That’s why two-years ago Career Trek – in partnership with the Canada Scholarship Trust Plan and the Winnipeg Foundation – started its Education Savings Program. The goal of the program is to connect participants and their families to financial resources for post-secondary, namely the Canada Learning Bond (CLB).
The CLB is up to $2,000 that the Government of Canada deposits directly into a child’s Registered Education Savings Plan (RESP) for their child’s education after high school.
In a recent survey, 97 per cent of Canadian parents indicated that they hoped their child would pursue post-secondary education.
There is often a mixture of excitement and a sense of relief after parents open their child’s RESPs and fill out the CLB application.
“She wants to be a surgeon, so this is really going to help,” says one parent.
“Now he can be anything he wants to be,” says another.
“They are going to be the first ones in the family to go to University,” says another.
The Canada Learning Bond isn’t just money – it is encouragement.
What Rose said is worth repeating: “You just know that this is there and it’s a good push and motivation.”