We need to focus on early access to savings for PSE, writes policy expert

October 28, 2016

“There needs to be a much greater effort to ensure that children from low-income families benefit fully” from the federal government’s $1B in spending on education savings incentive grants, writes Andrew Parkin for Policy Options. One of the most effective ways to accomplish this, the author argues, is to raise national participation rates in the Canada Learning Bond, which one million children from low-income families continue to miss out on each year. After explaining the financial implications of this goal, Parkin notes that focusing on early access to education savings “can help to reframe the conversation about educational opportunities within the household” by conveying to children “the expectation that they will attend college or university.” For Parkin, “this, in turn, will affect how children approach school and their futures.” Policy Options