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I don't recall there being a limit at that time - it was quite a while ago. Or maybe I've just forgotten! With out oldest, I do know we took some out the first year & then when returning for the second withdrawal the next year there was an issue as she had changed programmes. So when our next went to school, we quickly just took it all out! Both our kids also had Cdn Scholarship Fund accounts set up by their grandfather shortly after they were born - my daughter was able to use hers, with difficulty too due to the programme change; son didn't get to use his because he went into a trade & his classroom stuff did not qualify under that programme.
Yes, there was a $5000 limit. We took the rest out as soon as possible as well. we had saved $13000in an RESP and I thought that would be plenty, but besides the fees and the books ,I did not know that automotive mechanics also need to buy all their tools and a toolbox. We were extremely lucky to find a second hand toolbox and thousands of $ worth of tools from a person who retired and was moving out west. He felt like sponsoring my son and sold it to us for $2000.
Going to university is a step in growing up.
They are adults now and so the tittle of this thread is a bit off for me.
Offspring at university, launching kids, young adult to Uni you get my drift
My son is doing computer science so his "toolbox" will be a new laptop to replace the old one of his mother's that he's been using for the past couple years (which is decently spec'd but too big and heavy for him to lug around campus). His Chinese relatives have gifted us money to cover that. They value education very highly in their culture so are very pleased that he is going to uni.
Such wisdom is old as the ancient dhow ... but still despised by those not wishing to know what they are responsible for ... everything shared!
Some people believe the dhow to be a spiritual vessel ... perhaps the holy grail of the soul ... a place to put journeying thoughts ... and off they go ... In Celtic terms this was Bre-an don ... a hole in the water ... to the land lovers a home that can be a hole to dump monis into if you're trying to impress with appearances ...
See the movie on the Money Pit ... a niche of its own ... except for the homeless due to those getting rich quick off the monis market!
Words are variable ... fitting gods desire for diversity so the powers of god wouldn't know ... there is another side advocating a varied path'a getting out of here ...
With violent and hostile takeover desires ... the price increases as a satyr from beyond comprehension ...
One thing I think we all can agree on when it comes to postsecondary education - it is expensive.
I've been a student of what may be the most expensive schooling Canada, and am very thankful for the financial help of family, church and Osama long the way. I consider my school to be the best of its kind in Canada, so it is worth it.
I hope @Mendalla that Little M will be financially okay throughout his schooling.
I hope @Mendalla that Little M will be financially okay throughout his schooling.
Hopefully you have prepared your offspring with the priceless skills of life- routines of making/ packing lunches, planning meals, knowing how to run a washing machine, being able to budget and having some common sense.
And the trust to call you when needed.
I have met some super moms who have been running the household well into their teen's late years leaving them stranded once on their own. Myself, I was too lazy to spoil Junior once he reached an age when the work could be shared.
Residence for the first year? That usually seems to be a helpful path.
Thought I had mentioned already that he's accepted a residence offer. Single room in one of the first year residences. Second year, they have some nice apartment-style residences (some of them renovated apartments or hotels) that he could move to if he isn't ready to go completely off campus yet.
Not as healthy as he eats.
He does.He must eat extremely healthy then. Healthier than fresh fruit and vegetables, skim milk, spring water, lean meats, etc.