Jamaica - October 2011 Press Release

Kingston, Jamaica, October 3, 2011- Heritage Education Funds International (Jamaica) Ltd. would like to welcome all students back to school. The month of September is a time when parents and families start thinking about their child’s educational future, and how they can plan to afford a tertiary education.

According to the University of the West indies (UWI), the annual tuition for students is a little more than J$100,000, without accounting for the additional cost of books - roughly $21,500 for a full time student; meals which run between $300 and $500 per day; and the average cost for residence in halls for about 38 weeks is $58,3000. The frightening part about these statistics is that these numbers will only increase over time. “This is the staggering reality that our up and coming students face” said Jason Maguire, President & Chief Executive Officer of Heritage Education Funds International. “Heritage has one premise, to help families save for their children’s tertiary education in a safe and affordable way to ensure they can support their children’s dreams”.

Heritage Education Funds International has been in Jamaica for over 16 years offering one of the highest performing, safest and most flexible education savings plan solutions. To date Heritage has enrolled over 9,000 Jamaican children and paid out almost US $10 million in education savings and educational assistance payments.

What sets the Heritage International Scholarship Trust Plan apart is not only almost two decades of proven expertise, but the assurance that Heritage provides families in the safety of our Subscribers’ contributions which are invested in US Dollar denominated U.S. and Canadian government issued, guaranteed and fixed-income securities. The Heritage International Plan as at June 30, 2011 has provided 1, 3, 5 and 10 Year Returns 3.5%, 6.5%, 7.4% and 7.1% respectively. The plan also offers a great degree of flexibility as education solutions are designed around each subscriber’s suitability and affordability. Another important highlight of the plan is that proceeds can to be used at any recognized college or university worldwide, guaranteeing your child the utmost in flexibility to seek out a variety of education pursuits.

Heritage’s focus has always been about the future of Jamaicans, by providing subscribers with safe, flexible education savings investment option. All of us at Heritage Education Funds International would like to wish all the 2011 first year college and university students the best of luck; you’ll need it.  And to those just starting school ask your parents to open an Education Savings Plan with Heritage, you’ll need that as well. 

Those interested in more information about Heritage Education Funds International and education savings plans contact our office at 876-968-1601.

For more information, please visit  www.HeritageRESP.com or contact:
Alexzandria Johnson
Director, Marketing