Government issues call for concepts for Canada Learning Bond
The Government of Canada has issued a call for concepts intended to raise awareness of the Canada Learning Bond program. The government is specifically seeking ways to inform low- and middle-income families about the bond as a way to save money for the post-secondary education of their children. The bond provides up to $2,000 in a Registered Education Savings Plan for children from low-income families, with no contribution required from the child's family. The call for concepts will give preference to projects aimed at hard-to-reach and vulnerable populations such as indigenous children, as well as projects that address the problems faced by people seeking to open an RESP. Winning proposals will receive funding through the Social Development Partnerships Program.
"Making post-secondary education more affordable for all Canadians, especially those from low- and middle-income families, isn't just the right thing to do, it's the smart thing to do," said Patty Hajdu, Minister of Employment, Workforce Development and Labour. "Children with education savings are more likely to attend and complete post-secondary education and graduate with less debt. Helping more people access post-secondary education is a key way in which we can grow the economy and strengthen the middle class."