RESP fund withdrawal
After my tirade Money to Get Money, one of the schools involved in my RESP escapades became very sensible. I must somewhat retract some of my commentaries.
My middle daughter is going to Acadia University in Nova Scotia. She had not noticed anything on the website about obtaining a Letter of Enrollment. This letter might be needed for an RESP fund withdrawal. She sent the Registrar for the school an e-mail. She asked what steps were required to get a letter like this and how long it might take.
This e-mail was sent on Sunday night. On Monday morning, the school Registrar replied with an e-mail. It included a scan of the official letter asking my daughter if this was sufficient. No money was spent, no forms filled out, no fuss, no muss, no worries, they just sent it. All I can think now is that in smaller Universities, they might lack the knowledge on how to extract as much money as possible from the student population. Or the large banks have not yet contacted the school about their part in the Great RESP Sting.
I was flabbergasted to see this e-mail in my inbox. Now, I can go to my bank. I will check if it is enough to start extricating funds from one of my daughters' RESP. I am hopeful that this might do the trick. If not, I am sure things can be put right quickly.
Interestingly, I have paid some of this daughter's fees (a sizable deposit). That was sufficient for the school to send me a letter of Full Enrollment. It was good of them. The other University I deal with emphasized that they would not send out a letter of enrollment. This would only happen after fees were paid in full. I have completed that now. I am waiting to find out how they will handle my request for a Letter of Enrollment. Don't worry, good reader, you will hear more about this as soon as it happens.
What to Write About Now
The only question is, what will I write about when my kids finally leave school? Don't worry, good reader I have a large backlog of articles for your reading pleasure.
haha, oops. I meant to say:
Great schools but expensive!
Don’t worry, that small university in NS will come out ahead because we are lucky enough here to have the highest tuition costs in Canada…
Great schools but not expensive!