Monday, December 12, 2011

Is it true that if you're saving money on RESP, you cannot apply for scholarship?

My mom is saving money on RESP for my education because I'm planning on going to University.


My mom's friend told my mom that if I have a RESP, I cannot apply for scholarship...Is it true?





by the way, my mom's friend heard this news though her friends so there is a chance my mom's friend might not be true.


RESP means registered education savings plan.|||Not entirely true. If you drop the RESP, then you can apply for a scholarship. You must get a group scholarship plan if you want to apply.

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