Heritage Education Funds supports children in Jamaica to pursue their post-secondary education with payouts of US$13 million in Savings and Educational Assistance
Kingston, Jamaica, September 27, 2012- Heritage Education Funds International (Jamaica) Limited proudly congratulates this year’s students who are pursuing a tertiary education, with the assistance of their Heritage International Scholarship Trust Plan. As a leading provider of Education Savings Plans in Jamaica for over 17 years, Heritage is an organization that is about delivering a safe and flexible solution for parents to assist their children in pursuing a tertiary education.
The costs associated with attending university or college are nothing less than steep, and for many children, the ability to access a tertiary education is limited by their finances. At Pennsylvania State University, tuition has increased 21% over the last five years. A student attending a general Bachelors program can expect to pay US$10,500 annually for tuition fees, without accounting for the cost of living expenses. Therefore a four-year program, with the annual increase of roughly 4.2% a year, can exceed US$45,000 in four years. Many students are sadly unable to attain this level of education, not because of their own abilities, but rather due to financial barriers, so Heritage provides those families with a means to save for this important time in their children’s lives.
“We are very proud that Heritage has provided a savings solution for many Jamaican families wishing to assist their children with pursuing a tertiary education” says Jason Maguire, President & Chief Executive Officer of Heritage Education Funds International (Jamaica) Limited. “The benefits of starting early, saving each month or on an annual basis, with a Heritage International Plan can relieve your family of the burden of incurring debt in your child’s pursuit to higher education”. Mr. Maguire was also quick to highlight the flexibility of the Plan – “One of the most amazing features of the Heritage International Plan is that it allows the beneficiary to attend any recognized tertiary education institution worldwide, which means your child can choose the career path of their choice, without limitations. The Heritage International Plan offers a great degree of flexibility as education solutions are designed around each subscriber’s suitability and affordability”.
Heritage has continually provided subscribers with steady and impressive returns. Subscribers contributions are safely invested in US dollar denominated fixed-income and government-issued investments. The Heritage International Scholarship Trust Plan as at June 30, 2012 has provided 1, 3, 5 and 10-year returns of 7.19%, 6.32%, 6.88% and 8.52% respectively and to date, has paid out almost US$13 million to Subscribers and students in Jamaica."
Heritage’s main focus has been, and will continue to be building a brighter future for Jamaican children. We would like to wish a successful year to all our students attending their first-year of college or university, and of course those returning this year to complete their studies. We are so proud to have been part of the solution in getting you there.
Those interested in obtaining more information about Heritage Education Funds International and Education Savings Plans, please visit www.HeritageESP.com or contact:
Suite #29, Winchester Business Centre,
15 Hope Road, Kingston 10 Jamaica
Heritage Education Funds International (Jamaica) Limited, distributor of the Heritage International Scholarship Trust Plan