The Globe and Mail reports in its Thursday edition that a registered education savings plan can help parents pay for a child's postsecondary education. The Globe's Rob Carrick writes that top grades go to parents who have lowered the risk level in their children's RESPs as they progress through high school, while still generating some growth to cover tuition costs for the years ahead. Thanks to high interest rates, it has never been easier to achieve this delicate balance. As much as high rates are a burden on borrowers, they are a gift to savers and people investing for goals like retirement and a child's postsecondary education. Virtually risk-free returns of 5 per cent or more can be locked in for terms of one through five years, and you can get similar returns on cash kept safe and liquid for any time use. One way to put high rates to use in an RESP, and in other investing accounts, is to pair GICs with equity funds or individual stocks to create a balanced portfolio. An RESP for an infant might go as follows: 20 per cent in GICs and 80 per cent in an ETF tracking stock markets in Canada, the United States and the rest of the world. An example of this type of ETF is the Vanguard All-Equity ETF Portfolio (VEQT).