Programs that provide financial assistance or loans to help people pay for tuition, books, living expenses, transportation, disability supports, assistance in caring for dependents and/or other costs associated with acquiring skills training.
Programs that pay all or a portion of the fees and/or other expenses associated with instruction and/or participation in a particular recreational, artistic or leisure-time activity for people, especially children from low income families, who would be unable to enjoy those programs without assistance.
Programs that provide opportunities for families to open tax-advantaged bank accounts which encourage savings to cover future post-secondary education expenses, or which "seed" accounts for children in anticipation of ongoing contributions. Registered Education Savings Plans (RESPs) can be registered for any child with the government of Canada. They are provided by most financial institutions (such as banks and credit unions), as well as certified financial planners and group plan dealers, and grow tax free until the child is ready for postsecondary education. Children with RESP accounts may also be eligible to apply for other savings incentives such as the Canada Learning Bond, the Canada Education Savings Grant or province-specific grants.
The above terms and definitions are part of the Taxonomy of Human Services, used here by permission of INFO LINE of Los Angeles.