Educational expenses

11 Investing for educational expenses terms

I create this glossary to explain 12 new vocabulary words, about finance, in investing for educational expenses.

Apprenticeship Completion Grant
Noun
This grant is given to registered apprentices who have completed their apprenticeship training and get their journeyperson certification.
Example: I receive an amount of money because I have finish my sudies
fr: Subvention à l'achèvement de formation à l'apprenti
CESG
Abreviation
Canadian Education Saving Grant
Example: I have a CESG. I receive an amount of $125 per months for my studies.
fr: SCEE Subvention Canadienne pour l'Épargne pour les Études
CSLP
Abreviation
Canada Students Loan Program
Example: I've got a loan of 250$.
fr: PCPE Les pôles de compétences et de prestations externalisées
Educational expenses
Noun
It's money that you spend for a college tuition or to enroll in an educational program.
Example: My studies costs me 193$ per session.
fr: Dépenses scolaires
School bill
ETF
Abreviation
Exchange trading funds
Example: I invest in a FNB, $500 to made it grow
fr: FNB Fonds négociés en bourse
Financial aid system
Noun
It's an amount of money available for helping you to pay your studies.
Example: I've got a scholarship of 125$ to help me paying for my studies!
fr: Système d'aide financière
Financial aid system
High income earner
Noun
It's a term to describe people who earn high incomes, usually between $250 000 ton $500 000 per years
Example: I made around $250 000$ per year. I am an high income earner.
fr: Salariés à revenus élevés
In-trust-account
Noun
Account that allow you to save money for your child’s future and have a portion of your earnings compound tax-free (REEE for example)
Example: My account allow me to put $250 per months for my child's.
fr: Compte en fiducie
Loan
Noun
Amount of money borrowed, that is expected to be paid back with inerests (for study until the graduation for example)
Example: I get a loan of $2500, with 5% of interests on it. I will pay it back after my school graduation.
fr: Prêt
RESP
Abreviation
Registration Education Saving Plans
Example: My parents got me a RESP. I can use it for my studies.
fr: REEE Régime enregistré d'épargne pour les études
RRSP
Abreviation
Registration Retirement Saving Plans
Example: I have an account for my retirement plans with $5500 inside of it. I will use it for my retirement.
fr: REER Régime enregistré d'épargne pour la retraite.
REER