OSAP.Info

The Ontario OSAP (Ontario Student Aid Program) offers students a great deal in terms of funding their education. In fact, OSAP Canada offers students real solutions that they may not find through other financial resources. To make the most of the OSAP program, you need to know what help is available through this department of the Ministry of Training, Colleges and Universities.

First, when you apply for college funding through OSAP Canada, you do not have to fill out separate application forms for federal and provincial funding. One application covers both types of funding. However, if you are eligible for certain scholarships or bursaries, you may have to fill out separate application forms, but the OSAP Canada will notify you concerning this, after you have filled out your initial application form, if you are eligible for those OSAP programs. The OSAP Ontario is not just about student loans, as you can see. Through this department, you are also applying for numerous bursaries, scholarships, fellowships and grants – with one initial OSAP application form.

The funds derived from the OSAP Canada program are provided to help you pay for your education, in terms of tuition, fees, books, supplies, transportation, and even housing and living expenses. It is important, however, to realize that the funds derived from the OSAP are not meant to be the sole source of funding for your education. You are also expected to contribute to the cost of your education, or secure other forms of financing to cover the expenses that the OSAP Ontario program does not cover. One example of this may be a college savings fund or private loans secured through private financial institutions – or income from employment.

The OSAP of Canada allows you to obtain funding for your college education, and you are not required to pay back these funds until six months after your graduation, and no interest is added to the amount until that time as well. This makes it easier to attend school. The OSAP of Ontario further helps by making sure that the amount that you receive each year is capped making it easier to repay the loan after graduation.

Another important role that OSAP Ontario Canada plays in your education is in partnering with colleges and universities for the Ontario Student Access Guarantee Program. This program ensures that you will receive the additional funding that you need for your education – beyond what you will receive through the OSAP program. Colleges are required to provide you with aid, under the rules of this program, unless you are otherwise ineligible.

OSAP in Ontario also provides students with solutions after graduation, by offering programs such as Medical Loan Forgiveness, Interest Relief, and Debt Reduction programs. While you are still attending school, during the summer months, you may be eligible for student employment, which can be obtained through your financial aid office. Apprenticeship programs can be applied for in a variety of ways, including through OSAP Ontario.

When it comes to paying for your college education, and meeting your expenses while you are in school, the OSAP Canada program offers students real solutions. To get the most out of OSAP Ontario Canada, make sure that you use the Step-by-Step feature on the website, as it will lead you through the steps to get the funding that you need in a painless and less confusing way. For more information regarding on what OSAP can do for you go to OSAP Canada Canada website or to: how does OSAP work in Ontario Canada?