EAP ELIGIBILITY.
Classic Plans and Family Group Plans.
To qualify under the Classic and Family Group Plans, you must provide confirmation from the Registrar’s Office of full-time acceptance into an academic or professional program at a recognized institution.
- Students in a two-year program will be eligible for 1 EAP, payable in the 2nd academic year of the program.
- Students enrolled in a three-year program will be eligible for 2 EAPs, one each, in the 2nd and 3rd academic years.
- Students enrolled in a four-year program will be eligible for 3 EAPs, one each in the 2nd, 3rd and 4th academic years.
- Students enrolled in two consecutive 2-year (or more) programs without interruption may be eligible for all 3 EAPs.
- Co-op students may apply for EAPs as they enter their academic “A” term.
The government grants (CESG, ACESG, CLB, ACES, QESI, AQESI), and any income earned on these grants, will be paid in proportion with the EAPs.
For students attending post-secondary studies in Quebec, the first EAP is available upon acceptance into either the 1st academic year of a 90-credit Quebec university degree program; or acceptance into the 3rd academic year of a CEGEP program (Classic Plan); or 2nd academic year of a CEGEP program (Family Group Plan).
Quebec Classic Plans.
For students attending post-secondary studies in Quebec, an EAP is available in the 2nd and 3rd academic years of a recognized CEGEP program; or in the 1st, 2nd, and 3rd academic years of a recognized 90-credit Quebec university program.
Students attending post-secondary studies outside Quebec may qualify for up to 3 EAPs as they progress through the 2nd, 3rd and 4th academic years of a recognized program.
Family Single Student Plans.
For Family Single Student Plans, EAPs are based on the income accumulated in the agreement(s).
The government grants (CESG, ACESG, CLB, ACES, QESI, AQESI), and any income earned on these grants, will be paid in proportion with the EAPs.
In this type of plan, you tell us how much each payment should be, based on your student’s expenses and the amount of income in your plan.
If there’s more than one student receiving payments from your plan, you tell us how much we should pay to each student.
In any year, the most your student can receive in Education Assistance Payments from all Plans offered by Knowledge First Financial is $5,000, unless he or she has completed 13 consecutive weeks of school in the 12-month period before the payment is made. EAP requests over $20,000 require an assessment of the student's education costs to ensure the RESP funds are going towards post-secondary education.