# Embark Student Corp.

> Embark Student Corp. is a Canadian education-savings company that manages almost 600,000 registered education savings plans and more than C$6 billion in assets. Its digital-first individual and family RESPs combine automatic government-grant applications, flexible contributions, gifting and age-based glidepath investing, while charging a 1.65% annual management fee plus applicable tax. The modern offer grew from a 1965 scholarship-plan institution, so the interesting story is not an app appearing from nowhere - it is an incumbent simplifying a product category with a complicated past.

- **Founded:** 1965
- **Headquarters:** Toronto, Canada
- **Team size:** Approximately 530 employees in the supplied company dataset; public third-party estimates vary
- **Products:** Embark Student Plan, Embark Select Conservative Plan, RESP gifting, Digital account and withdrawals, The Money Major
- **Notable:** Built a national RESP administration business managing almost 600,000 plans and more than C$6 billion in assets., Reports C$8.2 billion paid to students over the organization’s history., The foundation has awarded C$7.4 million to post-secondary institutions through its Major Grant Program since 2023.

## Products & services

- **Embark Student Plan** — A digital-first individual or family RESP with flexible contributions, automatic applications for eligible government grants and a BMO-managed glidepath that reduces equity exposure as the beneficiary approaches post-secondary education.
- **Embark Select Conservative Plan** — A more conservative RESP option offered alongside the main age-based Student Plan.
- **RESP gifting** — A contribution feature that lets friends and relatives add money directly to a child’s Embark RESP.
- **Digital account and withdrawals** — Online tools for scheduling or changing deposits, adding beneficiaries, viewing statements and requesting education or non-education withdrawals.
- **The Money Major** — A learning centre, newsletter and podcast covering RESPs, family finance, education planning and financial literacy.
- **Embark Student Awards and Major Grant Program** — Foundation-funded student awards and institutional grants for programs supporting access, retention, skills and career readiness.

## Achievements

- Built a national RESP administration business managing almost 600,000 plans and more than C$6 billion in assets.
- Reports C$8.2 billion paid to students over the organization’s history.
- The foundation has awarded C$7.4 million to post-secondary institutions through its Major Grant Program since 2023.
- Students withdrew more than C$663 million from Embark plans in the year cited by the company in 2025 and 2026 announcements.
- Expanded its 2026 institutional grant portfolio to five C$500,000 projects spanning open education, mentorship, AI learning and career readiness.
- Launched digital RESP gifting and online account-management features alongside the Embark rebrand.

## Latest updates

- **2026-06** — Embark highlighted progress from its York University EmpowerAbility investment, focused on career readiness for students with disabilities.
- **2026-05** — The foundation reported helping bring the Grove student-wellness space to life at the University of Lethbridge.
- **2026-04** — An Embark survey with the Angus Reid Forum found a confidence gap among new and expecting parents despite strong interest in education savings.
- **2026-03** — Embark Student Foundation invested C$500,000 in DMZ’s 14-week paid business and AI career accelerator.
- **2026-02** — The Major Grant Program awarded C$2.5 million across Athabasca, Conestoga, Simon Fraser, Toronto Metropolitan and Waterloo, bringing awards since 2023 to C$7.4 million.

## Links

- Website: https://www.embark.ca
- LinkedIn: https://www.linkedin.com/company/embarkstudentcorp
- YouTube: https://www.youtube.com/@EmbarkCanada
- Instagram: https://www.instagram.com/embarkcanada/
- Facebook: https://www.facebook.com/EmbarkCAN

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Profile page: https://yespress.io/embark-student-corp
Published by YesPress — https://yespress.io
Last updated: 2026-08-23