CEFI Children Education funds Inc Burlington Most horrible RESP dont invest in it
We take lot of effort and contribute to RESP. We invested with RESP with CST and CEFI. CEFI or Children Education Funds in Burlington was worst my daughter took a semester at sea program with University of Colorado and CEFI made so much of fuss giving us our due money for that semester. And then again when my daughter finished her 4 year studies by taking courses in Summer CEFI wouldnt make payments. They say they donot make payment in January for 4 th year as they only make payment once in year. SO to claim payment when fall semester starts. When we try to claim payment when Fall semester was starting they request a completion letter that she would complete her studies and require payment by Aug 1. She will finish her studies Aug end and they wont listen to it. They then say they will charge 75 fee if we request payment when Aug Semester ends. Due to their stupid rules they dont want to pay they always find reasons not give our money back to us. Please beware of CEFI dont invest in RESP there, they have horrible rules and they always find excuse to cut money and not pay money on time.