Is Knowledge First Financial not-for-profit?
Knowledge First Financial is owned by a not-for-profit foundation (the Knowledge First Foundation) which instills in us a true purpose-led mandate of helping more students get to and through post-secondary education successfully.
How do I cash out my RESP?
Provide required documentation to support your request
To withdraw money from an RESP, contact your RESP provider. They will ask to see official proof of enrollment before issuing the Educational Assistance Payment.
What happens when an RESP matures?
If you opened an RESP the year your child was born, it can stay open until the end of the year your child turns 35. A lot can happen between age 18 and 35, and your child may decide to use the money for a wide range of full-time or part-time qualifying educational programs.