If my child collects their first Educational Assistance Payment (EAP) and then drops out of school, what happens to my money?

If you have one of our Group Savings Plans, your child has until the 36th year of the plan to collect the remaining EAPs. Your child can also take a break between years of study and still qualify for their remaining payments.

If you have a Founders’ Plan,(which you probably purchased before 2001), you won’t be able to access any other EAPs unless your child goes back to school and collects their remaining payments because of the academic advancement requirement.

If you find yourself in this situation, we recommend that you contact our Customer Experience Department at 1-877-333-7377 to talk about the options that work best for you and your family.

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