Know your rights and privileges as an Education Savings Plan (ESP) subscriber
As an Education Savings Plan ESP subscriber, your contributions to the ESP are guaranteed. Your money is invested in US dollar denominated government-guaranteed securities that earn a consistent and competitive rate of return. If your child decides not to go to university or college, then you will not lose your interest. You must elect our Self-Determined Option up to 60 days prior to the day your Plan matures. This option permits you to take your savings and the interest earned on your ESP at maturity.
How do I get started with a Heritage Education Savings Plan?
To start saving for your child's higher education with an Education Savings Plan, simply call your local Heritage office for an ESP expert. We will be happy to design a program based on your needs and financial circumstances. The Heritage International Scholarship Trust Plan is marketed by Heritage Education Funds International, which is a subsidiary of Heritage Financial Group Ltd., one of the largest providers of Education Saving Plans in the world.
The advantages of Heritage Education Savings Plans include:
We have, over the past decade, consistently maintained a high return on investments. Three years of Scholarships paid to Qualified Students (2007-2009) received an 8% average.
Your child beneficiary may receive Scholarships to attend a recognized post-secondary/tertiary institution anywhere in the world.
In the event of your premature death or disability, the Self-Completion Feature ensures the return of your Contributions (less fees and Insurance Premiums, if applicable) based on the amount accumulated in the Plan at the time of your death or disability. It also ensures your beneficiary's three years of Scholarships, fully paid-up.
If you contribute monthly or annually, you have the option to convert your plan to a fully paid up Plan, by exercising your conversion privilege. Certian conditions apply.
Substitution of a Beneficiary
You may transfer your Plan to any other child (Beneficiary), if both are under the age of 22 and the new Beneficiary is not older than the original Beneficiary and no Scholarship payments have been made.
Contact us today to secure your child's education with a Heritage Education Savings Plan.
How much is education going to cost?
Education costs around the world are continuing to rise. Below is a table with estimates of education costs by the time your child is ready to go to college or university.
All currencies are converted to U.S. dollars. Conversion rates as reported on July 30, 2010 at www.bloomberg.com:
$1 CAD = USD $0.9641
$1 GRP = USD $1.5701
$1 JMD = USD $0.0117
The costs are for international students (except Caribbean Region) and are averaged based on the following universities:
* Canada - McGill at www.mcgill.ca,
St. Mary's at www.stmarys.ca,
York at www.yorku.ca
** Caribbean Region - St. George's University,
Grenada at www.sgu.edu,
UWI, Jamaica - Registrar,
UTECH, Jamaica - Registrar,
The College of the Bahamas at www.cob.edu.bs
*** United Kingdom - University of Cambridge at www.cam.ac.uk
University of Manchester at www.man.ac.uk
**** United States - Cornell University at http://admissions.cornell.edu,
Howard University at www.howard.edu,
University of Georgia at www.uga.edu
Amounts can and will vary based on currency exchange rate fluctuations and type of the program selected.
Contact us today to learn more about softening the impact of future education costs for your child by starting an Education Savings Plan.