Over the last few weeks, thousands of Canadian high school students have been deciding on whether or not to accept university and college entrance offers.

Given that total expenses for a four-year degree can run as high as $60,000 or more, some families may be struggling to find the funds to finance post-secondary education.As the costs of a post-secondary education increase, BMO advises Canadians to consider opening a Registered Education Savings Plan (RESP).