RESP issues, can't take out enough
I'm going to be using money from my RESP, but can only take out $5000 in the first term. How do they expect students to pay for tuition, fees, books, meal plan and residence with $5000? The first year is going to cost me around $16,000. So if the first installment is around $8000, I won't have enough. What am I supposed to do? I'm going to go to the bank, but depending on the person I see I get a different answer to the same question every time.
I'm planning on cancelling my res spot and taking an apartment instead, but I still won't be able to take out enough because I'd need $5000 just for rent, plus a few thousand for tuition, books, fees, etc.
I can't be the only one with this issue...
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