Canadian immigrants’ education saving

Toronto Star story:

Immigrants are scrimping to put money in the bank to ensure they can pay for their children’s post-secondary education down the line, according to a new report released by the Canada Millennium Scholarship Foundation.

Many immigrant parents in Canada not only expect their children to get higher-level degrees, the report states, but they are allocating limited family resources to their offspring’s future.

The study found that families in which at least one parent is foreign-born save more for advanced studies than families in which both parents are Canadian-born.

The report, Immigrant Parents’ Investments in Their Children’s Post-Secondary Education, can be downloaded here.