Frequently Asked Questions

1. What is the Heritage International Scholarship Trust Foundation? +

2. What is the Heritage International Scholarship Trust Plan? +

3. Who distributes the Plan? +

4. What does it cost to enroll in the Plan? +

6. How safe is my money? +

7. Will Educational Assistance Payments/Scholarships be taxed? +

8. What happens if a child decides to work for one or two years before continuing post-secondary/tertiary studies? +

9. What happens if a child dies before attending college or university? +

10. If all contributions are made and the Plan matures, but the nominated child does not want to continue his/her education, what are my options? +

11. What happens if my child is accepted to a college or university before the Plan reaches maturity? +

12. What happens if contributions are not made on time? +

13. What happens if the Plan becomes inactive or is terminated and later there is a wish to have it reinstated? +

14. Can the amount of contributions be increased in the future? +

15. What if a Subscriber passes away before completion of all contributions? +

16. What happens if total disability occurs before completion of all contributions? +

17. Who can enroll a child in the Plan? +

18. What are the rates of interest earned on the contributions? +

19. What if in the future the government decides to pay tuition fees? +

20. What is received upon enrolling a child in the Heritage International Scholarship Trust Plan? +

21. What other benefits are there to participating in the Heritage International Plan? +

22. Why is there a Membership Fee? +

23. What is the cost of future education? +

24. What happens if a Subscriber has a change of mind after enrolling? +

25. What is classified as a recognized post-secondary institution? +

26. When is a child (Beneficiary) eligible to receive EAPs/Scholarships? +

* Available only in approved countries.
** Source: Statistics Canada