- BMO study finds that most grandparents give approximately $100 a year to each of their grandkids - A gift of $100 a year from each set of grandparents to an RESP can provide a child with up to $11,000 for their post-secondary education - Current cost of a four-year degree can be up to $60k; it could be as high as $140k for a child born in 2011 - BMO offers advice on how to maximize education savings