What is the difference between a postponement and a deferral of an EAP? How long can I postpone/defer?
A postponement of an EAP is applicable for the first EAP when the Beneficiary is expected to be registered for full-time in the 2nd year of post-secondary studies. The first EAP may be postponed for a maximum of 2 years, one year at a time, by August 15th of the Year of Eligibility (this is a year after the Maturity Date of the Contract). Further postponements may be granted to the Beneficiary, under extenuating circumstances, at the discretion of the Scholarship Committee. A letter of appeal from the Beneficiary along with supporting documents will be required for submission to the Committee prior to the deadline. A deferral of an EAP is applicable for the second or third EAP when the Beneficiary is expected to be registered for full-time in 3rd or 4th year of post-secondary studies, respectively. There is only one deferral permissible under the terms and regulations of the RESP Contract. Further deferrals may be granted to the Beneficiary, under extenuating circumstances, at the disc
A postponement of an EAP is applicable for the first EAP when the Beneficiary is expected to be registered full-time in the 2nd year of post-secondary studies. The first EAP may be postponed for a maximum of 2 years, one year at a time, by August 15th of the Year of Eligibility (this is a year after the Maturity Date of the Contract). Further postponements may be granted to the Beneficiary, under extenuating circumstances, at the discretion of the Scholarship Committee. A letter of appeal from the Beneficiary along with supporting documents will be required for submission to the Committee prior to the deadline. A deferral of an EAP is applicable for the second or third EAP when the Beneficiary is expected to be registered for full-time in 3rd or 4th year of post-secondary studies, respectively. There is only one deferral permissible under the terms and regulations of the RESP Contract. Further deferrals may be granted to the Beneficiary, under extenuating circumstances, at the discreti
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