One of the primary features of the program is that it enhances the potential for a child to attend and complete a post-secondary education program.
Many parents who thought it nearly impossible for their children to obtain an international education have realized their dreams and those of their children.
Click on the image to read some of the success stories.
Traditional savings or trust accounts provide for the child to obtain control of the trust at age of majority which is normally anywhere from age 18 to 21 depending on the jurisdiction. There is no requirement for the child to use the funds for education and no controls to ensure that funds are managed until the first degree (usually four years) is completed. Many children faced with the access to large sums of money do not manage it properly and are left without the proper resources to complete their education.
With the Students Trust International Plan the student has a wide variety of institutions around the world to attend. Even though the Trust is denominated in Canadian or US dollars $ education payments will be made to any child who qualifies around the world.
All income earned in the Trust will be distributed to children who qualify in four installments or education payment for the first, second, third and fourth years of post-secondary education. An additional motivation to continue is the return of the fee to participate in the program (called the "enrolment fee") with each installment. A student must progress to be eligible for further payments but need not take only one program to collect education payments.
For example, a student can take:
- a three year university program followed by one year of graduate studies or;
- a two year college program followed by another two year program or;
- four consecutive one year college programs
A student can also delay the start of their college or university schooling, or take a break during the completion of schooling and still qualify for further benefits. The only limitation is that the student must collect all benefits by the time they turn 26. Normally this provides for an eight-year period from the time the plan deposits are completed to qualify.
There is another benefit for the child to qualify - the children who go to college or university share in the income of those who do not. This feature provides an added element of investment return that helps to make this type of education trust the best combination of motivation, safety and return for financing a child's education.
The Canadian experience indicates that children who have this type of program are twice as likely to attend and complete college or university as those who do not.
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