OSAP Frequently Asked Questions
1. What does OSAP stand for?
The Ontario Student Assistance Program.
2. How does OSAP work?
OSAP is an integrated student loan made up of both federal and provincial funding to assist students in paying for their post-secondary education. Students requiring financial aid should apply online for OSAP assistance at: http://osap.gov.on.ca OSAP will then compare the student's educational costs against their available resources to determine their eligibility for funding.
3. Can anyone get OSAP?
Everyone can apply for OSAP, but not everyone is eligible for OSAP. OSAP funding is determined based on a comparison of your financial resources and the cost of your post-secondary education.
4. Is there a fee to apply for OSAP?
There is no fee for students who choose to apply electronically at:
Students who choose to print the application and apply on paper, will be required to pay a $10.00 processing fee.
5. Where do I apply for OSAP?
Students can apply for OSAP by visiting the OSAP website at:
Although students may choose to apply on paper, the on-line application is processed much quicker.
6. Is there a deadline to apply for OSAP?
The deadline for OSAP application is 90 days prior to the end of your academic year. For first time applicants starting school in September, we recommend that you apply by June to ensure that your OSAP entitlement is ready for you to pick up when you start school in September.
7. I don't have a summer job - will this mean that I get more OSAP?
OSAP assumes that students will work full-time over the summer months. As a result they will automatically add in an expected pre-study income contribution from this period. It is suggested that you keep track of your active job search during the summer - this will allow you to have records of your job search should you not obtain full-time employment over the summer. If this is the case, you may be able to appeal the expected income contribution. In addition, if there are extenuating circumstances that prevent you from working full-time, you may also have grounds for an appeal on the expected contribution.
8. I don't live with my parents, how will this affect my OSAP?
If you are a student living away from home during the school year, and your home is more than 40 kilometers from your post secondary institution, OSAP will assess your application using a living away from home allowance including food and shelter. If your parents live within 40 kilometers of your institution, your assessment will be based on an at home living allowance, which does not include food and shelter. There are appeals available for students with extenuating circumstances who must live outside the family home.
9. Do I have to include the value of my car?
Vehicle information must be included with your OSAP application. OSAP uses the "blue book" value to determine the value of your car. You are allowed to own a vehicle valued at up to $5,000.00 without it affecting your OSAP funding. Any value above $5,000.00 will be considered as an asset in your OSAP assessment. Certain situations allow for an appeal of this amount.
10. If I don't get the amount that I expect from OSAP, can I appeal?
OSAP does have an appeal process. If you are interested in learning more about the appeal process we recommend that you contact our Financial Aid + Awards Office for an appointment. Appeals are individually assessed after you receive your Final Assessment - your OSAP funding may be re-evaluated based on your personal situation.
11. Is there a maximum amount of OSAP that I can receive in one year?
OSAP funds single students to a maximum of $350 per week. Sole support parents or married students may receive a maximum of $575 per week in OSAP funding. For a 34 week school year a single student could receive a maximum of $11,900 in OSAP funding. A married or sole support parent could receive a maximum of $19,550 in OSAP funding. OSAP bases the assessment on the student's assumed resources less their educational costs. Not all students receive the maximum funding amount.
12. Do I have to pay my OSAP back?
OSAP is a loan that you do need to pay back. However, many students are eligible for a variety of grants, bursaries and scholarships available through the OSAP program that may reduce the amount of repayable loan. Under the Check Status section of your OSAP account, you can review your funding details, which will outline your loan and/or grant amounts.
13. What if I am having trouble paying back my loans?
If you are temporarily unable to repay your loans because of low income or unemployment, you should contact the National Student Loan Service Centre to discuss your eligibility for programs to assist you. You can call the NSLSC toll free at 1-888-815-4514.