11/02/2026
The government adds free money into your child's education savings every single year - and most parents have no idea it exists.
Every year you have an education savings account open for your child, the government automatically adds money on top of what you put in. Up to $500 a year - free. If you missed grants in previous years, you may have the opportunity to catch up by receiving up to $1,000 in government grants in a single year, provided you meet the eligibility requirements. For lower income families, there is an additional grant of up to $2,000.
Over your child's lifetime, that is up to $9,200 in free government money: grants and bonds. Most parents have never heard about it. And every year the account is not open, that money is gone forever. Even $100 a month from you, compounded over 18 years with the government's contribution, becomes something significant.
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