Frequently Asked Questions

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Ontario Student Assistance Program (OSAP)

• Yes, if the school is approved for OSAP.
• You could get money you don’t have to pay back plus a loan.
No. To get OSAP you need to be a:
• Canadian citizen
• permanent resident
• protected person
• Your program needs to be approved for OSAP. If it isn’t, you can’t get OSAP.
You might not be eligible if you:
• are not a Canadian citizen, protected person, or permanent resident
• are not an Ontario resident
• provide false information on your OSAP application
• have been convicted of a Criminal Code offence involving fraud or theft related to any student financial assistance program in Canada
• tell us your income is one number and there’s a significant difference between that number and the one on file with the Canada Revenue Agency
• declared bankruptcy or consumer proposal, or consolidation orders under the Orderly Payment of Debts
• have enough money to cover your expenses allowed by OSAP
• No. OSAP also offers grants and bursaries: money that you don’t have to pay back.
• The National Student Loans Service Centre (NSLSC) keeps a record of how much is left to repay on your student loan.
• After you leave school, you will get a repayment package from the NSLSC in the mail with the amount of your debt, payment schedule and interest rate
• tells you how much money you’re getting
• explains the mix of grants (money you don’t have to pay back) and loan (money you do have to pay back)
• An assessment is based on information from you/your family, your school and third parties (e.g., government departments, credit agencies, etc.)
Before OSAP can release your money, it needs to make sure:
• your application information is complete
• all information has been verified
• all required documents are received and approved
• your school has confirmed that you are enrolled
• You will usually get money in 2 installments
• No. You’ll get a portion of your OSAP at the beginning of your study period.
• The remainder is available halfway through your study period.
• No. You need to take all loans and grants. You can, however, choose to repay the loan immediately.
• Yes. The Repayment Assistance Plan can help by paying a portion of the interest and/or principal of your loan balance.
It depends on:
• how much student debt you have
• how long you will take to repay it
• the interest rate

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