More Business In Brief

By Jamaican Gleaner

Wednesday, October 29, 2014

Heritage payouts top US$20m Heritage Education Funds International (HEFI) has to date paid out close to US$21m to families in Jamaica for tertiary studies.

The Heritage International Scholarship Trust Plan, as of September 2014, provided returns of 7.18 per cent to Jamaican subscribers, said HEFI President & CEO Jason Maguire at an awards ceremony hosted by the group in Kingston, according to a press release on the event.

Maguire said Heritage has paid out some US$20.8m in savings and educational assistance to Jamaicans since inception of the plan for college studies, the cost of which will exceed US$150,000 for a four-year degree within another decade, he said.

Awards were presented to early childhood educators Alecia Sawyers of Vaz Prep, Dorette Clarke of Black River Primary & Infant School; and Panceta Walker of St Aloysious Primary.

Heritage is a Canadian company, established over 19 years ago.