What was the purpose of the Alberta Education Savings Grant?

The Alberta Education Savings Grant (AESG) was a provincial initiative created to encourage families to start saving early for their children's post-secondary education. This one-time $500 grant aimed to promote the use of Registered Education Savings Plans (RESPs) for eligible children born in 2004 or later.

What criteria determined eligibility for the Alberta Education Savings Grant?

Eligibility for the Alberta Education Savings Grant (AESG) required that the child be born in 2004 or later. Additionally, an active Registered Education Savings Plan (RESP) needed to be established for the child. Once these criteria were met, the grant was automatically deposited into the RESP.

What was the reason for the deadline associated with the Alberta Education Savings Grant?

The Alberta Education Savings Grant (AESG) was a time-limited provincial initiative, which is why it had a specific deadline. To receive this grant, eligible children needed to have a Registered Education Savings Plan (RESP) opened and designated by a cutoff date, generally before their 9th birthday.

Is it still possible to apply for the Alberta Education Savings Grant?

Unfortunately, the deadline for applying for the Alberta Education Savings Grant has passed. The program concluded, and new applications are no longer being accepted for this specific grant.

Alberta Education Savings Grant Deadline Alert

Don’t miss the Alberta education savings grant deadline! Learn if your child is eligible for the one-time $500 grant and how to apply before it ends.

If you have a child that is 10 years old or younger (born in Alberta between January 1, 2005 and March 31, 2015) they are eligible for a one-time $500 grant from the provincial government. However, you only have until July 31, 2015 to submit the form and apply for this grant before it ends.

On March 26, 2015, the Government of Alberta announced the closure of the Alberta Centennial Education Savings Plan (ACES).

Key Dates:

March 31, 2015 – The last eligibility date for the ACES plan grants. This means that children born after March 31, 2015 will not be eligible for the $500 grant. In addition, children who turn 8, 11 or 14 years after March 31, 2015, will not be eligible for the subsequent $100 grants.
July 31, 2015 – The last day a subscriber can submit a completed ACES plan grant application form.

For further information: http://eae.alberta.ca/funding/aces.aspx