The purpose of an RESP is to help post-secondary students, and the vast majority of children named as beneficiaries do pursue higher education. If the beneficiary does not pursue higher education or training, the subscriber is required to repay the Canadian Education Savings Grants (CESGs) to the government. However, if the beneficiary named by the subscriber does not pursue higher education, and no replacement beneficiary has been named, the subscriber may receive the investment income on the CESGs, and this is called: an Educational Assistance Payment a reversal of funds intended for educational purposes an Accumulated Income Payment an unfortunate result considering the intended purpose of the funds