Many Canadian families, especially lower‑income ones, face challenges contributing to Registered Education Savings Plans (RESPs). Families with low incomes are much less likely to have RESP savings — for example, as of 2024, only about 36% low-income families had an RESP, meaning over 60% of the group is unlikely to have any savings for postsecondary education at all. Many students miss out on government grants such as the Canada Education Savings Grant and Canada Learning Bond.