How to Invest $20,000 Now to Help Pay for College


Source: fool.ca fool.ca

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The holiday season is nearing, and you may be out of gift ideas. Gift your children a debt-free education with an easy $2,000 investment every year. According to a 2018 RBC report, Canada’s tuition rates have tripled since the 1990s. The average student loan debt is $15,300 for college graduates and $28,000 for university graduates (according to Statistics Canada). With this growing cost, it currently takes roughly nine to 15 years to repay an education loan. The cost of going to college Canada’s education inflation is growing faster than overall inflation. This year, undergraduate tuition fees surged as much as...