Preference for interested persons to apply by May 1st

About the Scholarship
The scholarship is a pilot program designed to help low to modest income families save for their child’s education through a shared savings program. Families are asked to save a minimum of $56 per month for 6 months for a total of $336 per year. The scholarship donor will double the contribution by providing up to $667 per year for up to 3 years provided the family continues to meet the eligibility criteria. In addition, the family will also receive government contributions to the RESP as defined by the Canada Learning Bond and/or Canada Education Savings Grant. This may be up to an additional 40%. The scholarship is available to 10 families (1 child per family).

Eligibility Criteria
– Family’s Gross income < $50,000 per year
– Child must be born in 2004 or later and be a resident of Guelph/Wellington
– Parent to open up RESP and apply for CLB and/or CESG (taxes must remain up to date for CLB/CESG qualification purposes)
– Family to make minimum monthly contributions of $56 per month for 6 months to a total $333 per year to RESP.
– Family must provide verification of RESP contributions.
– For consistency and administrative purposes FCSS may reserve the right to work with a specific financial institution.

Next Steps
If you or a family that you know are interested and eligible for the scholarship program, please call Family Counselling and Support Services at 519 824 2431 x12 to arrange an information meeting.

For questions or further info, please contact: Diane Vert – [email protected]

Partnering for Bright Futures Scholarship Program Poster

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