What is an EAP?
An EAP is an Education Assistance Payment. It's the payment that's made to your child after they've officially enrolled in eligible post-secondary studies at an approved school.
If your child has a CST Advantage Plan, they are entitled to four EAPs. Each EAP consists of the following:
- Government grants and any income earned on your government grants
- The child’s share of the EAP account (a pool of money distributed between students in the same beneficiary group)
- The Group Plan Benefit
- Sales Charge Refund
More FAQS
CST Plans
- What are Canadian Scholarship Trust Plans?
- Who can open a Canadian Scholarship Trust Plan?
- What plans does CST currently offer?
- Is CST’s group plan (called CST Advantage Plan) right for me and my family?
- What is attrition? How does it benefit my child?
- What is principal protection?
- What is a unit? Why do you use units?
- What is an EAP?
- What is an EAP account?
- What are Group Plan Benefits?
- What is the minimum amount I need to open an RESP from CST?
- How has the CST Plan changed over the years?
- What if I don’t want to open a Group Plan – can I still save with CST?
- What kind of service can I expect with a CST Plan?
- If I lose my job or miss a payment; will I lose all my money?