Omar Khan

  Refugees are being taken advantage of by unscrupulous finance companies and salespeople who are using a family’s interest in their child’s education, combined with federal government letters of encouragement and federal benefits, to enroll refugees in savings programs with a high risk of financial loss.   Background Registered Education Savings Plans (RESPs) are incentive-based, tax-advantaged savings plans that people, traditionally parents, can use to save money for children’s post-secondary education (PSE). The funds become…