BACK TO SCHOOL SO SOON…. ARE YOU READY?
CFP Professionals Available to Comment on…
Toronto, August, 2005 - As 'back-to-school' season looms, Canadians of all ages will be thinking about a host of issues related to planning, saving and budgeting for education.
We can help.
Financial Planners Standards Council (FPSC) can connect you with CFP (Certified Financial Planner) professionals from across the country who can provide insight on a variety of financial planning topics as they relate to education and back-to-school issues.
A few topics to consider:
For Parents:
How to manage the back-to-school September spending splurge that goes along with getting the kids ready to get back to class.
Saving and planning for your children's post-secondary education - when to start and strategies for parents who were slow out of the savings gate.
How to handle the financing of kids living away - lines of credit, credit cards, cash?
Tips to make financial planning a family affair - involve your kids and teach them valuable lifelong lessons.
Financial implications of the various out-of-town university housing options (e.g. dorm, rental or home-ownership) - what are the pros and cons to consider?
For Students:
First time away from home? Don't let this new freedom cost you your education! Learn to budget and handle the financial responsibilities early on or you'll find yourself back home faster than you can say 'outta money!
Planning for your post-secondary university out of town? Learn about the costs of going away to school - it's not just about tuition fees!
Learn distinctions of credit, bank loans or student loans. And identify strategies for paying down your loans, and when to do it.
Tuition, texts and the cost of living - who should get the tax credit, parents or youth?
Got a loan? What are the long-term financial implications of graduating in debt and how to become debt-free faster.
For Adults Going Back to School:
Thinking of going back to school for another degree or retooling your education and professional skills? The Lifelong Learning Plan (LLP) allows you to withdraw amounts from your RSP to finance eligible training or education for you, your spouse or your common-law partner. What are the financial planning implications you should consider?
Other Story Ideas? Let us know what you are interested in and we'll put you in touch with the right CFP professional to offer insight!
FPSC Financial Planning Resources for Educating Youth Available Online: See Focus On Your Finances, a financial planning tool kit for Canadians aged 15 to 25; and Plan Your Path; An Activity Guide for Youth Leaders.
Financial Planners Standards Council (FPSC) is a not-for-profit organization established in 1995 to foster professionalism in personal financial planning. FPSC develops and enforces the highest standards in financial planning competency and ethics for individuals who hold the CFP® (CERTIFIED FINANCIAL PLANNER®) in Canada. There are currently about 16,000 CFP professionals in Canada and more than 90,000 individuals who have earned the CFP designation in 18 countries around the world. See www.cfp-ca.org for more information.
TO ARRANGE INTERVIEWS, CONTACT: Eileen Chadnick/Chadnick Communications for FPSC at 416.631.7437 or eileen@chadnick.com; Reed Hilton/FPSC at 416.593.8587 ext 235 or rhilton@cfp-ca.org.
CFP®, CERTIFIED FINANCIAL PLANNER® and are certification marks owned outside the U.S. by Financial Planning Standards Board Ltd. (FPSB). Financial Planners Standards Council is the marks licensing authority for the CFP marks in Canada, through agreement with FPSB.
are certification marks