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$6.7 Million to Help Families Save for Post-Secondary Education

Released on April 29, 2015

Saskatchewan families have received more than $6.7 million from the Saskatchewan Advantage Grant for Education Savings (SAGES) program since the program was announced.  More than 26,000 children in the province are now SAGES recipients.

“Saving for post-secondary education is a priority for Saskatchewan families, and I am happy that so many children will benefit from SAGES,” Advanced Education Minister Kevin Doherty said.  “SAGES helps parents plan for their children’s future and encourages access to post-secondary education.”

With four new SAGES providers recently added, there are now 15 financial institutions offering SAGES with another eight pledged to join the program soon.

Through SAGES, the Government of Saskatchewan  provides a grant of 10 per cent on financial contributions made since January 1, 2013, into a Registered Education Savings Plan (RESP) to a maximum of $250 per child per year.

To be eligible for SAGES, the following requirements must be met:
  • the child is a resident of Saskatchewan when the RESP contribution is made;
  • the child is named as a beneficiary of an eligible RESP;
  • the contribution is made on or before December 31 of the year the child turns 17; and
  • contributions must be made at a participating financial institution.
“We have seen significant growth in the number of families enrolled in SAGES since its launch, and the numbers continue to increase,” Doherty said.  “SAGES is an important part of our government’s Plan for Growth and our commitment to quality, affordable post-secondary education.  SAGES is one more way that we’re making Saskatchewan the best place to live, work and raise a family.”

More information about SAGES can be found at www.saskatchewan.ca/live/education-learning-and-child-care/saving-for-post-secondary-education.

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For more information, contact:

Brook Thalgott
Advanced Education
Regina
Phone: 306-787-3716
Email: brook.thalgott@gov.sk.ca

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