Angie, who is 44, plans to quit her job and return to college full time for 24 months to obtain a certificate in human resources management. She is worried about being able to maintain her standard of living while she is going to school and is curious about the Lifelong Learning Program. Please use the following information to answer the question.

1. The total amount that Angie could withdraw from her RRSP under the LLP in any one year is $5,000
2. If Angie makes a qualifying LLP withdrawal, she does not have to use the proceeds to pay for her tuition expenses
3. If she is still worried about making ends meet, she can go to school part-time and work part-time, and still make a qualifying LLP withdrawal
4. If Angie continues in school for four years, the maximum amount that she could withdraw under the LLP would be $20,000.

Which of the following statements about the LLP are true?