Financial resources invested in education
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- Survey of Labour and Income Dynamics (3)
- Survey of Approaches to Educational Planning (3)
- Post-Secondary Education Participation Survey (2)
- National Graduates Survey (2)
- Survey of Financial Security (1)
- Financial Information of Universities Survey (1)
- Longitudinal Administrative Databank (1)
- Canadian Financial Capability Survey (1)
Results
All (24)
All (24) (0 to 10 of 24 results)
- Articles and reports: 36-28-0001202200900001Description:
Registered Education Savings Plans (RESPs) are an important vehicle to help families save for postsecondary education. However, large differences in RESP savings persist between families of different income levels, despite targeted incentives aimed at encouraging low- and middle-income families to open RESP accounts and contribute to them. This article documents the differences in RESP contributions between families with different levels of income and liquid wealth.
Release date: 2022-09-28 - Articles and reports: 36-28-0001202200500003Description:
Registered Education Savings Plans (RESPs) are part of the suite of government programs designed to encourage youth from traditionally low enrolment groups to consider postsecondary studies as a viable option. Since the mid-2000s, lower- and middle-income parents of children under age 18 have had strong financial incentives from government to open an RESP and make contributions. A previous study based on 2012 data showed that RESP holdings were most prevalent among high-income, high-wealth, and highly-educated parents. The purpose of the current study is to update these findings and to expand the analysis to include results by immigrant status, Indigenous identity, and province of residence.
Release date: 2022-05-25 - Articles and reports: 81-595-M2021002Description:
The COVID-19 pandemic has impacted many segments of Canadian society, including post-secondary institutions given the uncertainty surrounding the enrolment of international students. With the current international travel restrictions in place in Canada and requests by health authorities to practice physical distancing, a large majority of universities were planning to utilize online learning as the primary teaching method for the entire 2020/21 academic year. Over the last decade, institutions have increasingly relied on international students' tuition fees as a revenue source. The aim of this paper was to assess, using projection scenarios, hypothetical financial losses for Canadian universities in the 2020/21 school year. These scenarios were based on a series of assumptions using forecasted international and domestic student registrations and recent trends in administrative and survey data.
Release date: 2021-08-18 - Articles and reports: 36-28-0001202100100003Description:
This Insights article examines changes in parental expectations—between before and after the beginning of the COVID-19 lockdown—that their children will pursue postsecondary education. The study looks at whether parental expectations of their children to attain further education and their plans for helping their children with the financial aspects of postsecondary education—through savings and other means—have changed since the arrival of COVID-19. The analysis is based on the Survey of Approaches to Educational Planning (SAEP), conducted between February 2 and June 20, 2020. The sample includes children aged 17 and younger who had not yet started any postsecondary education and whose parent or legal guardian responded to the survey.
Release date: 2021-01-27 - Articles and reports: 11F0019M2020012Description:
The Government of Canada offers various financial incentives for parents to save for their children’s postsecondary education by contributing to a Registered Education Savings Plan (RESP). However, RESP participation rates tend to rise substantially with family income, and previous research has demonstrated that family wealth was the single most important reason for this trend (among factors that could be examined). This study explores whether differences in parental literacy, numeracy and financial literacy can further account for some of the gap in RESP participation by level of family income.
Release date: 2020-07-06 - Articles and reports: 11-626-X2017071Description:
This Economic Insights article documents the characteristics of families with children under the age of 18 who hold registered education savings plan (RESP) investments. The article also examines the relationship between holding an RESP account at age 15 and postsecondary enrolment between the ages of 19 and 27. The data are drawn from the 1999 and 2012 Survey of Financial Security and from the Youth in Transition Survey, Cohort A, linked to the T1 Family File. Postsecondary enrolment is derived from education deductions and tuition credits in the tax data.
Release date: 2017-04-12 - Articles and reports: 81-004-X201100111432Description:
The value of education and the benefits that flow from it are substantial for many Canadian families. Previous research has found that Canadian parents are strongly committed to their children's postsecondary education. However, many parents of children under the age of 18 are confronted with a number of competing savings priorities. Based on data from the 2009 Canadian Financial Capability Survey (CFCS), this article examines who saves for postsecondary education and how they do so.
Release date: 2011-05-19 - 8. The financial impact of student loans ArchivedArticles and reports: 75-001-X201010113242Geography: CanadaDescription:
The student borrowing rate among postsecondary graduates increased between 1995 and 2005, with borrowers differing little from non-borrowers in terms of employment rates and total personal income. However, borrowers were less likely to have savings or investments, or own their own homes. Total debt for borrower and non-borrower graduates age 20 to 29 was similar, while borrowers had lower assets and net worth than non-borrowers.
Release date: 2010-03-23 - 9. Graduating in Canada: Profile, Labour Market Outcomes and Student Debt of the Class of 2005 ArchivedArticles and reports: 81-595-M2009074Geography: CanadaDescription:
This report describes the educational experiences, labour market outcomes and financing of higher education of recent graduates for Canadian postsecondary education institutions using data from the 2007 National Graduates Survey (Class of 2005). The first section describes the characteristics of graduates from college, bachelor, master and doctorate level programs. The second section focuses on experiences after graduation including pursuing further education and labour market activities. Section three presents information on the financing of postsecondary education, its relation to education level and labour market outcomes. The final section focuses on co-operative education and international studies and their relationship with labour market outcomes and student debt.
Release date: 2009-04-22 - 10. Who gets student loans? ArchivedArticles and reports: 75-001-X200610313160Geography: CanadaDescription:
Every year the Canada Student Loans Program (CSLP) provides approximately $1.5 billion in loans and $80 million in grants to students with a demonstrated financial need. Nevertheless, a gap in postsecondary participation remains between children from upper- and lower-income backgrounds. While it is difficult to estimate the extent to which the CSLP has made it possible for low-income students to obtain a postsecondary education, the study looks at how well loans are targeted to low-income youth, the extent to which the loan amount reflects financial need, and the impact of parental income.
Release date: 2006-06-20
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Analysis (24)
Analysis (24) (0 to 10 of 24 results)
- Articles and reports: 36-28-0001202200900001Description:
Registered Education Savings Plans (RESPs) are an important vehicle to help families save for postsecondary education. However, large differences in RESP savings persist between families of different income levels, despite targeted incentives aimed at encouraging low- and middle-income families to open RESP accounts and contribute to them. This article documents the differences in RESP contributions between families with different levels of income and liquid wealth.
Release date: 2022-09-28 - Articles and reports: 36-28-0001202200500003Description:
Registered Education Savings Plans (RESPs) are part of the suite of government programs designed to encourage youth from traditionally low enrolment groups to consider postsecondary studies as a viable option. Since the mid-2000s, lower- and middle-income parents of children under age 18 have had strong financial incentives from government to open an RESP and make contributions. A previous study based on 2012 data showed that RESP holdings were most prevalent among high-income, high-wealth, and highly-educated parents. The purpose of the current study is to update these findings and to expand the analysis to include results by immigrant status, Indigenous identity, and province of residence.
Release date: 2022-05-25 - Articles and reports: 81-595-M2021002Description:
The COVID-19 pandemic has impacted many segments of Canadian society, including post-secondary institutions given the uncertainty surrounding the enrolment of international students. With the current international travel restrictions in place in Canada and requests by health authorities to practice physical distancing, a large majority of universities were planning to utilize online learning as the primary teaching method for the entire 2020/21 academic year. Over the last decade, institutions have increasingly relied on international students' tuition fees as a revenue source. The aim of this paper was to assess, using projection scenarios, hypothetical financial losses for Canadian universities in the 2020/21 school year. These scenarios were based on a series of assumptions using forecasted international and domestic student registrations and recent trends in administrative and survey data.
Release date: 2021-08-18 - Articles and reports: 36-28-0001202100100003Description:
This Insights article examines changes in parental expectations—between before and after the beginning of the COVID-19 lockdown—that their children will pursue postsecondary education. The study looks at whether parental expectations of their children to attain further education and their plans for helping their children with the financial aspects of postsecondary education—through savings and other means—have changed since the arrival of COVID-19. The analysis is based on the Survey of Approaches to Educational Planning (SAEP), conducted between February 2 and June 20, 2020. The sample includes children aged 17 and younger who had not yet started any postsecondary education and whose parent or legal guardian responded to the survey.
Release date: 2021-01-27 - Articles and reports: 11F0019M2020012Description:
The Government of Canada offers various financial incentives for parents to save for their children’s postsecondary education by contributing to a Registered Education Savings Plan (RESP). However, RESP participation rates tend to rise substantially with family income, and previous research has demonstrated that family wealth was the single most important reason for this trend (among factors that could be examined). This study explores whether differences in parental literacy, numeracy and financial literacy can further account for some of the gap in RESP participation by level of family income.
Release date: 2020-07-06 - Articles and reports: 11-626-X2017071Description:
This Economic Insights article documents the characteristics of families with children under the age of 18 who hold registered education savings plan (RESP) investments. The article also examines the relationship between holding an RESP account at age 15 and postsecondary enrolment between the ages of 19 and 27. The data are drawn from the 1999 and 2012 Survey of Financial Security and from the Youth in Transition Survey, Cohort A, linked to the T1 Family File. Postsecondary enrolment is derived from education deductions and tuition credits in the tax data.
Release date: 2017-04-12 - Articles and reports: 81-004-X201100111432Description:
The value of education and the benefits that flow from it are substantial for many Canadian families. Previous research has found that Canadian parents are strongly committed to their children's postsecondary education. However, many parents of children under the age of 18 are confronted with a number of competing savings priorities. Based on data from the 2009 Canadian Financial Capability Survey (CFCS), this article examines who saves for postsecondary education and how they do so.
Release date: 2011-05-19 - 8. The financial impact of student loans ArchivedArticles and reports: 75-001-X201010113242Geography: CanadaDescription:
The student borrowing rate among postsecondary graduates increased between 1995 and 2005, with borrowers differing little from non-borrowers in terms of employment rates and total personal income. However, borrowers were less likely to have savings or investments, or own their own homes. Total debt for borrower and non-borrower graduates age 20 to 29 was similar, while borrowers had lower assets and net worth than non-borrowers.
Release date: 2010-03-23 - 9. Graduating in Canada: Profile, Labour Market Outcomes and Student Debt of the Class of 2005 ArchivedArticles and reports: 81-595-M2009074Geography: CanadaDescription:
This report describes the educational experiences, labour market outcomes and financing of higher education of recent graduates for Canadian postsecondary education institutions using data from the 2007 National Graduates Survey (Class of 2005). The first section describes the characteristics of graduates from college, bachelor, master and doctorate level programs. The second section focuses on experiences after graduation including pursuing further education and labour market activities. Section three presents information on the financing of postsecondary education, its relation to education level and labour market outcomes. The final section focuses on co-operative education and international studies and their relationship with labour market outcomes and student debt.
Release date: 2009-04-22 - 10. Who gets student loans? ArchivedArticles and reports: 75-001-X200610313160Geography: CanadaDescription:
Every year the Canada Student Loans Program (CSLP) provides approximately $1.5 billion in loans and $80 million in grants to students with a demonstrated financial need. Nevertheless, a gap in postsecondary participation remains between children from upper- and lower-income backgrounds. While it is difficult to estimate the extent to which the CSLP has made it possible for low-income students to obtain a postsecondary education, the study looks at how well loans are targeted to low-income youth, the extent to which the loan amount reflects financial need, and the impact of parental income.
Release date: 2006-06-20
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