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The RESP Loan is a variable-rate loan, which is determined by our lending partner.
Call your scholarship plan representative for your customized loan calculation or to learn more about the current rate! With government grants that top up your savings by 30% to 60%,1 the RESP Loan is really a winning strategy in certain situations.
1.The Canada Education Savings Grant (CESG) of 20% to 40% and, in Quebec only, the Quebec Education Savings Incentive (QESI) of 10% to 20%. Grant amounts are based on adjusted family net income. Certain conditions apply; see our prospectus.