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Old 21.01.2015, 18:29
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Education saving plan

All,

In Canada, we have something called a RESP (registered educations saving plan) with very attractive interest rates for all contributions. I'm looking to start something similar for our daughter, since she does not qualify for this being a non-resident of Canada.

Anyone have any advice on this? Whether these types of plans are available here in Switzerland, or alternative approaches to Education Financial Planning for your children while being out of you home country?

Thanks!
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Old 21.01.2015, 18:30
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Re: Education saving plan

put money in pot. Use to buy pot. Education is free.
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Old 21.01.2015, 18:41
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Re: Education saving plan

I think lkparsons means a fund of some sort that they can put money into for when they return to Canada. Obviously the answer is no as such funds are not needed here. Ask your Swiss bank if there's any special student or savings accounts that might do the trick.
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Old 22.01.2015, 15:22
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Re: Education saving plan

There are kids' savings accounts that give a little interest in return, but nothing like RESPs. I would not say such accounts are not needed here. If a student is not living at home while attending tertiary education, it can get pretty expensive, and parents are expected to cover that cost. University tuition is extremely low, so if a student lives at home, costs are usually manageable without a huge savings account.
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