Embark announces the end of the Family Single Student Plan management free rebate

The temporary rebate, designed to add value during a customer’s transition to their new plan, will end effective January 1, 2026.

TORONTO – Embark Student Corp. (“Embark”), Canada’s education savings and planning company, today announced the management fee rebate provided to subscribers transferred from a Family Single Student Plan to an Embark Plan on July 1, 2024, will be removed effective January 1, 2026.

The management fee rebate of 0.66% was introduced as part of a subscriber vote held on December 12, 2023, to move all Family Single Student Plans to Embark Plans. This rebate started on July 1, 2024. It gives subscribers extra value by returning part of the management fees they paid during the transition to their new plan. Details about this change were shared in the vote’s corresponding information circular.

Effective January 1, 2026, the management fee rebate will be removed and affected plans will start paying the standard management fee of 1.65% for all Embark Plans. Embark will continue to provide all subscribers with a risk-based investment strategy, industry-leading digital tools, and simplified account management to support their education savings goals.

About Embark Student Corp.

Embark is Canada’s education savings and planning company. With $6.6 billion in assets under management, the company is committed to empowering families along their post-secondary journeys, giving them the resources and tools they need to better save for all that comes with an education. Registered as a Scholarship Plan Dealer across Canada, the company manages almost 600,000 RESPs. Last year students withdrew over $663 million to help pay for their education with an Embark plan.

For more information:

Embark Customer Care Team | P: 1-800-363-7377 | E: contact@embark.ca