Saving for a University Education is Taking a Hit

Published: June 22, 2023, 3:44 p.m.

b'With mortgage rates continuing to climb, many people are diverting money earmarked for education savings to cover their newly acquired\\xa0interest payments. Listen here to find out what your strategy should look like.\\nKey points:(00:58): Mortgage rates are still on\\xa0the rise\\xa0(02:01): What do you need to earn to offset those new terms?(02:33): What are people doing to make up for that increase in their mortgages?(03:32): What\\u2019s the most important thing to maintain when you find yourself in this predicament?(06:47): Securing your education fund(08:34): RESP strategies(09:05): What is an in-trust account?'