VIU Canada Learning Bond

Other Ways to Save

There are many ways to save for your child's education after high school. Here are a few programs that provide access to grants or matching funds.

Canada Education Savings Grant

The Canada Education Savings Grant is money that the Government adds to a child's Registered Education Savings Plan (RESP) to help pay the costs of a child's full or part-time studies after high school at: 

  • apprenticeship programs
  • CEGEP's (general or vocational college in Quebec)
  • trade schools
  • colleges
  • universities

The lifetime maximum amount of CESG a child can get is $7,200. Anyone can open an RESP for a child and make contributions, not just the child's parents/guardians. 

For more information: Canada Education Savings Grant

Additional Canada Education Savings Grant

Children from middle- and low-income families might be eligible to get the Additional amount of Canadian Education Savings Grant (CESG). If eligible, an extra 10% or 20% is added to the first $500 contributed to an RESP each year. The maximum amount of CESG, including the Additional amount, a child can get is $7,200.

For more information: Additional Canada Education Savings Grant

British Columbia Training and Education Savings Grant

Families in British Columbia are encouraged to start planning and saving early for their children’s post-secondary education or training programs. To help, the B.C. Government will contribute $1,200 to eligible children through the B.C. Training and Education Savings Grant (BCTESG).

There was an extension given to students born in 2006 to 2008, since that group of children turned six to nine years old during the year the program was launched. The parent or guardian plus the child must be residents of British Columbia. The last day to apply for the BCTESG is the day before the child turns 9 years old.

For more information: British Columbia Training and Education Savings Grant

Youth Aged out of Care Funding

Youth who have lived experience in the BC foster care system as a child and/or youth for one (1) year or more can apply for the Tuition Waiver Program, which sponsors tuition and mandatory fees charged by the institution up to one's first certificate, diploma, or degree program.  Eligible students can apply for two tuition waiver programs at VIU-- the BC Provincial Tuition Waiver Program and the Vancouver Island University Tuition Waiver Program (VIU TWP). Student eligibility will first be assessed for the BC Tuition Waiver Program--and if ineligible--eligibility will then be assessed for the VIU TWP.

For more information: Youth Aged out of Care Funding