Heritage pays out US$25m
HERITAGE Education Funds International (Jamaica) Limited, the distributor of the Heritage International Scholarship Trust Plan that provides tertiary education savings programmes, announced on Friday that it its members received a 6.95 per cent return on their investment this year.
The company, which celebtares its 20th anniversary this year, said it has paid out over US$25.1 million in savings and educational assistance payments to Jamaican subscribers and students since inception.
“It is no surprise that in today’s economic environment, most parents are challenged with supporting and planning ahead for their children to pursue a tertiary education,” says Jason Maguire, president and chief executive officer of Heritage Jamaica.
“The average family cannot ignore the continual rise in the cost for a higher education, which in turn is a growing concern for the next generation. We at Heritage pride ourselves on providing parents a solution to this very worry,” he continued.
Maguire urged parents to start saving for their children’s tertiary education early and contributing to it often as it can relieve the burden of expensive tuition fees.
“We feel our message is an important one to get across to all parents and concerned family members,” Maguire said.
Heritage Jamaica recently modified the structure and terms of its savings plan, which it said are “intended to generally increase the flexibility and benefits offered”.
We have expanded the investment policies and our students can expect a more simplified scholarship application process. We expect that these strategic changes will better meet the needs and expectations of subscribers and beneficiaries and provide them with greater value,” the company said Friday.
Those interested in obtaining more information about Education Savings Plans may visit www.HeritageESP.com or contact the office at Suite #29, Winchester Business Centre, 15 Hope Road, Kingston 10, Jamaica or call : 968.1601