Answer Often the RESP reduces borrowing need, but the best order depends on grants, loan terms, repayment help, tax, withdrawal timing, and cash flow.
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RESP and student aid explains the broader decision and links to related tools.

Related RESP questions

Sources to confirm

Canada Student Grants and Loans Employment and Social Development Canada · checked 2026-05-27 Apply with your province or territory Employment and Social Development Canada · checked 2026-05-27 Canada Student Grants and Loans loan agreement Employment and Social Development Canada · checked 2026-05-27 Repay a student loan Employment and Social Development Canada · checked 2026-05-27 Student lines of credit Financial Consumer Agency of Canada · checked 2026-05-27 Learn about OSAP Government of Ontario · checked 2026-05-27 OSAP definition: Registered Education Savings Plans Ontario Student Assistance Program · checked 2026-05-27 2025-26 OSAP application for full-time students Ontario Student Assistance Program · checked 2026-05-27 Pay for education using the RESP Canada.ca · checked 2026-06-17 RESP payments, transfers, and rollovers Canada Revenue Agency · checked 2026-05-27