New For 2018-19
How is OSAP changing in 2018-19?
OSAP is implementing a new billing system for 2018-19. This means:
- Students who qualify for OSAP will also see their “Net Cost View” in ACORN, U of T’s student web service.
- During the first weeks of classes, when your registration is confirmed, your OSAP funding will be sent directly to U of T to pay down your outstanding tuition and fees. If your OSAP funding for the term is greater than your outstanding tuition and fees, the OSAP funding greater than what you owe for that term will be deposited directly into your bank account.
What else do I need to know about the new OSAP?
- Your OSAP funding is based on your chosen program and course load when you applied for OSAP. If you do not enroll in the same program and/or course load, your OSAP eligibility and/or funding may change.
- No OSAP funding will be issued until your OSAP application is complete and all required supporting documents are processed. Please allow at least 4-6 weeks for review and approval of all documentation.
- You are responsible for the payment of tuition, even if some of the funds are coming from OSAP. If there are delays in your OSAP funding, service charges may be assessed. Please refer to the Student Accounts website for information about the fee payment deadlines and service charge dates for your division.
What is the Net Cost View?
The Net Cost View is a new ACORN feature that will show you the anticipated sum of how much you will need to pay for the Fall and Winter terms after your anticipated OSAP is applied to your tuition and fees. The Net Cost View will update if your OSAP eligibility changes.
The Net Cost View will not include awards and financial aid provided by U of T. This information will be in the “Awards and Aid” section of ACORN. For this reason, your Net Cost View and your Invoice may not match. Despite the information contained in your Net Cost View, your invoice is the official statement of your financial obligations to the U of T. For this reason, please ensure you regularly monitor your invoice.
Why is my OSAP now being sent directly to U of T to pay my fees?
Starting in 2018-19, the Government of Ontario requires your OSAP funding to be redirected to your postsecondary institution to reduce the tuition and fees you owe to the University of Toronto. The redirection of OSAP funding is happening at all Ontario postsecondary institutions, not just U of T.
My OSAP funding will be redirected to reduce which of my fees?
Each term, some or all of you OSAP funding will be redirected and applied towards your outstanding tuition, compulsory fees, and residence fees for the term, Your outstanding fees are listed on your ACORN invoice for each term.
- If you registered by paying the total amount of fall fees you owed, then the University of Toronto will not redirect any of your OSAP funding for fall. Instead, your OSAP would be deposited directly in your bank account by the National Student Loan Service Centre.
- If you deferred your tuition fees while waiting for your OSAP to process, then some or all of your OSAP will be redirected to the University to pay your outstanding tuition and fees.
U of T will determine your redirected OSAP amount based on the tuition and fee amounts owing at the time we confirm your registration status with OSAP. You can see the amount of OSAP that was redirected to your outstanding fees on your funding summary in your OSAP Account. It typically takes 5-10 business days for the University to receive payments from OSAP.
For more information about fees and payments, see the Student Accounts website.
Will all of my 2018-19 OSAP funding be redirected in September for the entire academic year?
No, it will not. Most students get one OSAP installment in September (for fall) and one installment in January (for winter). The funding summary in your online OSAP Account will show you when your OSAP payment(s) are expected to be redirected to the University of Toronto.
Your September OSAP payment will be used to reduce your fall tuition and fees. However, if your fall OSAP payment is greater than your fall tuition and fees owing, then the difference between what you owe and your OSAP payment will be deposited into your bank account by the National Student Loan Service Centre. If your OSAP payment amount is lower than your tuition and fees owing for fall, you are responsible for paying the remaining tuition and fee amounts before the published deadline.
Your January OSAP payment will be used to reduce your winter tuition and fees. However, if your winter OSAP payment is greater than your winter tuition and fees owing, then the difference between what you owe and your OSAP payment will be deposited into your bank account by the National Student Loan Service Centre. If your OSAP payment amount is lower than your tuition and fees owing for winter, you are responsible for paying the remaining tuition and fee amounts before the published deadline.
What if my OSAP doesn't cover all my tuition and fees?
If your OSAP payment amount is lower than your tuition and fees owing for fall 2018, you are responsible for paying the remaining tuition and fee amounts before the published deadline. For more information about fees and payments, see the Student Accounts website.
My OSAP has been delayed. Should I make the minimum payment myself? If I make my minimum payment will my fall OSAP still be sent directly to U of T?
If your OSAP is delayed, you may choose to pay your fall tuition and fees yourself to avoid service charges. When your OSAP is ready to be released, it will be sent directly to your bank account.
However, you should be aware that bank payments can take five (5) or more days to be received by U of T and reflected on your ACORN account. If your own payment is not reflected on your ACORN account when U of T confirms your enrolment for OSAP, then a double payment can occur.
If I pay my tuition or fees in advance, will I receive less OSAP funding?
No. Payments from your own resources before your OSAP is released will not affect the amount of OSAP funding you qualify for. Because you will have reduced your outstanding fees, less of your OSAP funding will be applied to your account. In other words, more of your OSAP funding will be deposited into your bank account.
I rely on OSAP for all of my financial needs. How am I going to cover my other expenses like food, rent, etc?
OSAP is an assistance program. You and your family are expected to supplement OSAP funding with your own resources. However, if after your OSAP and other resources, you still do not have enough to cover your financial needs, U of T has programs to assist you.
If you are receiving the maximum OSAP and in an eligible program, you will automatically be considered for UTAPS. This is U of T’s financial aid program to help fill the gap between OSAP and all university costs. UTAPS is based on government-assessed costs.
In addition, reach out to your college, faculty, or divisional contact for Financial Counselling. They can help you determine your budget, and apply for a bursary to help cover costs not met by OSAP or UTAPS.
If you are experiencing a financial emergency, please contact your faculty, college, or divisional contact to apply for assistance.
Graduate students may seek out emergency funding from the School of Graduate Studies.
What is the Ontario Student Grant (OSG)?
The Ontario Student Grant (OSG) is a new OSAP grant which provides non-repayable financial assistance to help you fund your studies. You are considered for the grant automatically as part of your OSAP application.
It is through the OSG that OSAP will be giving “free tuition” to qualifying students. The amount of funding is based on the average Arts and Science tuition in Ontario ($6,720) and does not include compulsory fees or other costs.
Students who meet the following criteria will be considered for free tuition:
- Dependent students (less than 4 years out of high school) whose parent(s) make $50,000 or less
- Independent students: income of $30,000 or less
- Married and Sole Support parents: student (and spouse) income of $50,000 or less
OSAP will also take your resources, such as scholarships, into account.
If your family income is higher than the threshold, you can still receive financial assistance from the OSG. To find out if you are eligible, apply at www.ontario.ca/osap
Other OSAP FAQs
How do I apply for OSAP?
Complete your online application for OSAP Funding at http://www.ontario.ca/osap
Submit your OSAP application, then print and sign the consents and declaration pages and upload them in the required documents section of the OSAP website. It is strongly recommended that you use the upload function for faster processing time.
Upload any other required documents as early as you can.
If you are receiving OSAP for the first time, you will need to submit the Master Student Financial Assistance Agreement (MSFAA). About two to three days after you submit your OSAP application, you will receive a welcome email from the National Student Loan Service Centre with instructions about how to complete the online identity verification process and provide your banking information.
If you are a returning applicant you may not need to submit any documentation.
What is a Master Student Financial Assistance Agreement (MSFAA)?
The MSFAA is your student loan agreement. You are only required to complete the MSFAA once in your lifetime. By signing the MSFAA, you agree to the terms and conditions for holding federal and provincial funding. In addition, it allows for the electronic release of OSAP funding directly into your back account. The MSFAA process is in place for all OSAP recipients.
Starting in 2018, the MSFAA process is electronic. When you apply for OSAP for the first time, you will receive an email from the National Student Loan Service Centre with information about how to verify your identity online, and how to add your banking information.
Visit the OSAP website to complete your OSAP application.
I can’t find my program of study within the OSAP application. What should I do?
You should search for the name of the degree you will receive, as opposed to your major. Example: “Bachelor of Arts” instead of “English”. Your application will be processed more quickly if you choose the correct program from the list.
For undergraduate students:
- Search for the name of the College/Faculty you’ll be attending. Examples: New College, Trinity, University, Woodsworth, Mississauga, Scarborough, Engineering.
- Click on Search for program. You’ll see a list of possible programs. Choose the appropriate program and year of study. Bachelor of Arts/Science will cover most undergraduate programs in Life Sciences, Social Sciences, and Humanities.
For graduate students:
- Search the name of your degree program (e. g.. Master of Arts, Master of Science, Master of Teaching, PhD etc.) Choose the best match for your program.
If you cannot find your program when you get to the bottom of the list, type in the name of your program in the box under “Can’t find your program?” The next screen will allow you to manually enter your start and end dates. U of T will verify your program details after you submit your application and required supporting documentation.
How do I know if my program is eligible for OSAP?
Most undergraduate and graduate programs leading to a certificate, diploma, or degree are eligible for OSAP funding. The following programs are not eligible for OSAP funding, since they are not approved for funding by the Ministry of Training, Colleges, and Universities.
- International Dentist Advanced Placement Program for Foreign-Trained Dentists
- Non-conjoint Toronto School of Theology Programs (TST students in conjoint programs are eligible to apply for OSAP)
- All executive programs at the Rotman School of Management
- Graduate Diploma in Professional Accounting – Faculty of Management
- International Pharmacy Graduate Program (Canadian Pharmacy Skills) for individuals with foreign pharmacy degrees
- Ontario Institute for Studies in Education – additional qualification courses
- School of Continuing Studies courses
- Residency programs
- Certificate in Environmental Management
- Certificate in Renewable Energy
- Certificate in GIS for Environmental Management
- Certificate in Environmental Health
- Internationally Trained Lawyers Program
- National Committee on Accreditation at the Faculty of Law
- Master of Mathematical Finance
- Any non-degree studies
I’ve submitted my OSAP application. What happens next?
You will receive an estimate of your OSAP funding as soon as you submit your application. Your estimated funding will be updated as new information becomes available.
After all documentation has been processed and you have registered and enrolled in classes, U of T will confirm your enrolment in full-time studies with OSAP.
Starting in 2018-19, on a per term basis, your OSAP funding will be sent directly to U of T to pay your tuition, compulsory fees, and residence fees. For most students, your OSAP funding will be redirected in the first few weeks of classes. If you are eligible for more OSAP than you owe to U of T, the remainder will be deposited electronically in your bank account.
How do I register or pay fees if U of T won’t receive my OSAP funding until classes begin? How can I request a tuition fee deferral?
OSAP recipients may register at U of T before receiving their OSAP funding – no minimum payment is required. The University permits students to register beginning in mid-July without paying the ‘Minimum Payment to Register’ amount on their ACORN invoice if they have been assessed by OSAP and OSAP has determined that they will receive at least $1 in OSAP funding. Information is available at Student Accounts regarding the OSAP/Government Student Aid Tuition Fee Deferral.
Complete the OSAP/Government Student Aid Tuition Fee Deferral Online form by logging into the ACORN and selecting Financial Accounts. In the ‘Financial Accounts’ area, select ‘Tuition Fee Deferral’ and follow the directions.
Students who are unable to access the OSAP/Government Student Aid Tuition Fee Deferral tool in ACORN must visit their college or faculty to request a manual tuition fee deferral.
I have enough savings to last until the end of first term. When should I apply for OSAP?
You should apply for OSAP as soon as possible - do not wait until you have run out of money! Apply early: 4-8 weeks prior to the start of classes provides ample time to process your application, and if there are any errors, time to make corrections. OSAP applications may be submitted up to 60 days before the end of the academic session, but if you apply and receive your assessment early, you will be able to manage your budget better during the school year.
I made a mistake on my OSAP application but I can’t change it now that I have submitted the application. How can I let OSAP know about changes to my application?
Once you submit your OSAP application, you must submit a signed letter to make changes to your application. Log in to your OSAP application at www.ontario.ca/osap to see the summary of application information OSAP currently has on file. Write a letter indicating what changes or corrections you need to make including your name, student number, and your college or faculty. Print and sign the letter, then scan it and upload in the “Changes to Application” section (in the “Additional Uploads” page) in your OSAP account.
How do I pay my fees with OSAP?
- New for 2018-19: Starting this year, U of T will receive funds directly from OSAP to go towards your ACORN Account Balance. This includes any tuition, compulsory fees, and residence fees listed on your ACORN invoice for each term.
- In the past, students could choose whether they wanted to have their OSAP funds sent directly to the school. Starting in 2018-19, this is mandatory for all OSAP recipients.
- After your OSAP is applied to your account, you must pay the remaining balance from your own resources as soon as possible.
- If you do not receive any funding, you are still responsible for paying your fees and must begin doing so as soon as you receive notification of ineligibility or refusal.
- You can access your personalized fees invoice from ACORN starting in mid-July to determine the amounts and due dates for your fees.
- Instructions are available at Student Accounts.
- The University charges a monthly service charge beginning on October 15, and every month thereafter on the outstanding balance for your Fall fees. For Winter term fees, interest will be charged after February 15.
How is my OSAP released to me?
You must be registered in a full-time course load in each term to receive your OSAP funds. The OSAP minimum course loads are:
- Undergraduate Students: 1.5 credits per term
- Undergraduate Students with a Permanent Disability: 1.0 credits per term
- Graduate Students: full-time registration status or confirmation from your coordinator that you will be in a 60% course load (or 40% if you have a documented permanent disability)
OSAP does not allow you to average course loads between terms.
OSAP funds are disbursed in two installments. Generally, for a two-term study period, 60% of the funding will be disbursed in the Fall, and the remainder in the Winter term.
The first installment will be released after the University confirms your full-time enrolment. Starting in Fall 2018, your OSAP funding will be sent directly to the University to reduce your outstanding tuition and fees. If you applied by mid-June, this should happen by the first or second week of classes.
If you remain registered in full-time studies, your second installment will be released in January. Your January OSAP funding will be sent to cover your outstanding winter tuition and fees. If you are receiving more than your outstanding winter tuition and fees, the remainder will be direct deposited in your bank account.
Why does my Student Account say I owe fees when my OSAP is going to be sent to U of T to pay my tuition and fees?
Because your outstanding fees to the U of T may be greater than the amount of OSAP funding you are receiving.
Remember, you are responsible for the payment of your tuition and other fees, even if your OSAP funding doesn’t cover your full Account Balance. If there are delays in your OSAP funding, service charges may be assessed. Please refer to the Student Accounts website for information about the fee deadlines for your division.
After U of T confirms your full-time enrolment to OSAP, your OSAP funding will be sent to the University and applied to your Account Balance indicated on your Invoice. Once U of T receives your OSAP funding, your Invoice will be updated to reflect the OSAP payments received. It can take a few days for OSAP to send us your payment, so be sure to check your OSAP account carefully for the amounts sent to the school to avoid double payments
“Free tuition” means that OSAP provides grant funding to cover at least the average cost of Arts and Science tuition in Ontario ($6,720) for students from families with incomes at or below $50,000 or single students with incomes at or below $30,000. The grant funding is part of your OSAP assessment, it is not extra funding. The tuition amounts at U of T may be higher, and this amount does not include all costs, such as compulsory and ancillary fees, and residence fees (if applicable).
You can review the tuition and incidental fees for your program at the Student Accounts Website.
Starting in fall 2018, your OSAP funding will be sent to U of T to reduce what you owe the University.
How do I know if my OSAP loans/grants have been processed?
You can check the processing status of your OSAP application on the OSAP website. You will need to know your Ontario Access Number (OAN) as well as your password to access this information.
Begin checking your OSAP status starting about 4 – 8 weeks after you have uploaded your signed consent and declaration pages.
How do I change my address so that OSAP knows?
As an OSAP recipient, you must keep your address and contact information up to date with the Ontario Ministry of Advanced Education and Skills Development, National Student Loans Service Centre (NSLSC), and U of T.
- OSAP (Ministry): Log in to your OSAP account on the OSAP website to change your address
- National Student Loans Service Centre: 1-888-815-4514
- University of Toronto: Log in to ACORN – make sure that both your permanent address and mailing addresses are up to date
I live in another Province. Can I apply for OSAP?
No. If your home province is not Ontario, you must apply for government funded financial aid through the Ministry or Department of Education in your home province.
Your home province is the last province you lived in for at least 12 months without being a full-time university or college student, or the last province where your parents or spouse lived for 12 months without being a full-time college or university student.
How do I know if I qualify as an Ontario resident for student loan purposes?
OSAP’s definition of resident is very specific. You may be considered an Ontario resident for other purposes but still need to apply to your previous province of residence for student financial assistance.
You are an Ontario resident for OSAP purposes if you:
- have always lived in Ontario or
- Ontario is the last province you have lived in for 12 months in a row without being a full-time college or university student or
- you live in Ontario now, and lived in Canada for less than 12 months in a row before starting college or university studies
If you are a married student, you are an Ontario resident if:
- your spouse has always lived in Ontario or
- your spouse has lived in Ontario for the last 12 months in a row without being a full-time college or university student or
- All of these statements are true:
- you now reside in Ontario
- you’ve lived in Canada for less than 12 months in a row
- your spouse has lived in Canada for less than 12 months in a row
If you are a dependent student (i.e., you have been out of high school less than 4 years), you can be considered an Ontario resident if:
- Ontario is the last province in which your parent(s) have lived in for at least 12 months in a row or
- All of these statements are true:
- you now reside in Ontario
- you’ve lived in Canada for less than 12 months in a row
- your parent(s) have lived in Canada for less than 12 months in a row
What if I have OSAP funding from previous years?
If you have a previous Canada Student Loan, Ontario Student Loan, and/or Canada-Ontario Integrated Student Loan and plan to continue your studies, you must ensure that your previous loans are placed in interest-free status so that you do not have to repay the loans and interest while you are in school.
Your loans will go into repayment anytime you are out of full-time studies for more than 6 months. If you receive more OSAP or submit a request for the continuation of interest-free status before the 6 months is up, no interest will be charged.
You must ensure that your previous lender(s) and/or the NSLSC know that you are studying full time. There are two ways to do so:
- If you are receiving OSAP in 2018-19
You don’t have to do anything. When your OSAP is released, the Ontario government will notify your previous lender(s) that you are still in full-time studies
- If you are NOT receiving OSAP in 2018-19 or your OSAP funding will be delayed this semester
Submit a Continuation of Interest-Free Status (CIFS) request as soon as your semester begins. Apply for CIFS online at the OSAP website starting 15 days before the start of your classes for the term; U of T will confirm your full-time status with OSAP once you are registered in a full time course load. Do not wait to submit your CIFS application – interest charged to your account cannot be reversed.
I am going on a PEY Co-op – how does this affect my OSAP?
Effective Fall 2018, students participating in the Professional Experience Year Co-op program are eligible for interest-free status on their previous OSAP loans.
You will need to submit your Continuation of Interest-Free Status (CIFS) form online between August 17, 2018 and April 9, 2019. CIFS forms received outside of this period will not be accepted. Once you have submitted your CIFS form, U of T will confirm your status with OSAP to keep your loans interest-free.
To access the CIFS form, log into your account and click on “Apply for interest-free status” on the Application page. In the field asking for your program name, write “Engineering PEY Co-op” (not your academic program). When completing the form, indicate the start date of your study period as September 1, 2018 and end date of your study period as April 30, 2019.
Do I have to notify Financial Aid & Awards at Enrolment Services of any changes to my status?
Yes. Failure to notify Enrolment Services of any of the changes listed below may result in your restriction from receiving further OSAP funding:
- Receiving scholarships
- Changes in your assets
- Financial situation (for you and/or your family)
- Marital status (yours or your parents)
- Address during the school year (e.g. living at home or away)
- Other changes to your personal information (e.g. children information, changes in legal status)
- Course Load (i.e., dropping courses or applying for Advanced Standing) – speak to Enrolment Services before making any changes to your course load as it may affect your eligibility for OSAP funding
- Program of study - speak to Enrolment Services before making any changes to your program as it may affect your eligibility for OSAP funding
The income I reported on my OSAP application has changed. Do I need to let OSAP know?
Yes. You must let OSAP know if any of your financial or other information changes. You can check the information on file by checking your Application Summary in your online OSAP account. Write a letter explaining the changes, sign it, and upload it to the “Changes to Your Application” section in the Documents page of your OSAP application.
I’m receiving a graduate funding package. Do I need to report my graduate income to OSAP?
Yes. As part of your OSAP application you agree to provide income information that is complete and true. Failure to report income to OSAP can result in loss of OSAP eligibility in future years.
All graduate fellowships should be reported to OSAP as Scholarship or Award funding, including your tuition award. The only exception to this are the Ontario Graduate Scholarship (OGS) and the Queen Elizabeth Graduate Scholarship in Science & Technology (QEII-GSST). These two Ontario government awards are reported to OSAP by the University.
Any earned income you receive such as a Teaching Assistantship, or a Research Assistantship should be reported as employment income, if it is over $5,600 per term ($11,200 for two terms, $16,800 for three terms).
Typically income that is reported on a T4, such as your TA wages, should be reported as employment income. Income that is reported on a T4A, like a fellowship, should be reported Scholarship or Award income. If you aren’t sure whether you are receiving scholarship or employment income, ask your department.
Please note that OSAP funding will not be redirected to cover tuition for funded graduate students, since you have an agreement in place with the University to cover your tuition and fees already.
I didn’t get enough OSAP. Can I get any more?
Visit Enrolment Services and ask about OSAP appeal options. There are a number of OSAP appeals available. If you meet criteria for an OSAP appeal, your OSAP application will be adjusted and you may receive more OSAP funding.
However, the maximum OSAP loan funding available for 2018-19 is:
- $395/week of study for single students;
- $670/week of study for married students, students in common-law relationships, and single parents.
If you’re already receiving the maximum OSAP funding and you are experiencing financial difficulties, contact your Faculty or College registrar to find out how to apply for additional need-based funding. Find their contact information in the Financial Counselling Directory.
What does it mean if I’m on Academic Probation for OSAP?
If you’re on Academic Probation for OSAP, it means that you didn’t successfully complete your studies last year while you were on OSAP. For the next academic year, your academic progress will be monitored closely. This can happen if you do not receive passing grades in your classes, or if you received OSAP funding and then dropped some or all of your classes.
During your OSAP probation, you can still receive OSAP funding. However, you also will be expected to pass the courses you registered for. If you pass your courses, then the Academic Probation will be removed from your OSAP file. If you don’t pass your courses, then you may be restricted from OSAP funding for a minimum of 12 months.
OSAP also expects you to advance through your program. Frequent or multiple program changes, repeating courses, or failure to advance in your degree can result in an Academic Probation.
OSAP provides funding for the length of your program plus one year. For example, if you are in a four year bachelor’s degree, OSAP will provide funding for five years of study. (Students with documented permanent disabilities are exempt from this policy.)
In order to access OSAP funding while on Academic Probation, you will need to submit a letter of Academic Progress.
Can I get OSAP funding if I have defaulted on my OSAP loan?
If you defaulted on the Canada portion of your OSAP loan, you may be eligible to bring your loan back into good standing and get further funding. Rehabilitation of your Canada Student Loans typically involves repaying all outstanding interest and making the equivalent of two monthly payments on your loan. For more information about Canada Student Loan rehabilitation, contact the National Student Loans Service Centre at 1-888-815-4514.
If you defaulted on the Ontario portion of your OSAP loan, you must either repay your Ontario loan in full or rehabilitate your loan in order to receive future funding. Ontario Student Loan rehabilitation involves repaying all outstanding interest and making six monthly payments toward your loan. Contact the following agency to determine the current status of their provincial debt and which private collection agency has the debt.
Account Management and Collections Branch
Ministry of Finance
Telephone: 416-326-0500 (within GTA)
Or toll free: 1-800-387-5604
If you have defaults for both the Canada and Ontario portions, you will need to complete both processes to regain full eligibility.
When do I start repaying my OSAP loans?
It is your responsibility as a borrower to make your student loan payments on time to keep your loans – and your credit – in good standing. You are expected to begin repayment of your student loans on the first day of the seventh month after you stop being a full time postsecondary student. For example, if you leave or complete full time studies on April 30, your first student loan payment would be due in November 1.
If you are experiencing financial difficulties in meeting your repayment obligations, there are programs to help. For more information about your repayment options, visit the National Student Loans Service Centre website or phone 1-888-815-4514.
For OSAP loans borrowed prior to September 2001:
- CIBC National Student Centre: 1-800-563-2422
- Royal Bank Student Loan Centre: 1-800-363-3822
- Scotiabank (Bank of Nova Scotia) Student Loan Centre: 1-800-972-684
Will I be notified when I have to start repaying my OSAP loans?
The National Student Loans Service Centre (NSLSC) will send you a consolidation agreement during the six months after you stop being a full-time student. Ensure that NSLSC always has your most current address. Contact NSLSC (1-888-815-4514) if you do not receive your consolidation agreement.
What can I do if I experience financial difficulties when repaying my student loans?
If you ever think you may not be able to afford your payments, contact the National Student Loans Service Centre (NSLSC) at 1-888-815-4514 for information on their repayment assistance programs. Remember that missing payments on your student loans has consequences, including affecting your credit rating and your eligibility for future OSAP assistance.
What financial aid programs are available for part-time students?
OSAP and U of T both offer Financial Assistance for Part-Time Students
Part Time OSAP – available to undergraduate and graduate students registered in certificate, degree or diploma programs, apply online at the OSAP website.
Noah Meltz Grant – available to undergraduate students registered in certificate, degree or diploma programs.
For financial aid purposes, “part-time” is defined as less than a 60% course load in a particular term of study. For undergraduate students, this means that you’re taking less than 1.5 credits in a term. A term is defined as September to December; January to April; or May to August. This might be different than your Faculty’s definition of “part-time” studies.
Students with permanent disabilities who are enrolled in 40% to 59% of a full course load have the option of applying for either Full-Time OSAP or Part-Time OSAP. A 40% course load for an undergraduate student is typically 1.0 credits in a term. If you have a permanent disability and receive social assistance (such as Ontario Disability Support or Ontario Works) for your living expenses, applying to Part-Time OSAP may be the better option to fund your educational costs and limit your debt.
Students who are registering in the Academic Bridging Program (part-time) or undergraduate degree or certificate students taking two credits for the fall/winter session may apply for the Noah Meltz Grant and/or Part-Time OSAP.
If you would like to delay your fee payment while your part-time funding is being processed, please do the following:
- Submit your Part-Time OSAP application documents and/or your Meltz application to Enrolment Services
- Wait three business days
- Request a fee deferral on ACORN
Part-Time OSAP will continue to be released on paper funding documents for 2018-19. The Noah Meltz Grant will be paid to your ACORN account.
What’s UTAPS? How do I apply?
UTAPS stands for the University of Toronto Advanced Planning for Students. It’s a program that is used to meet students’ financial needs not addressed by OSAP or other government programs.
OSAP recipients in eligible programs don’t need to apply. If you have unmet need, OSAP will send you a notice requesting detailed information that is not in the OSAP application, such as your expected employment income during the school year. Once you complete this form, you will be considered for UTAPS.
U of T students receiving funding from another province/territory or a First Nations band are also eligible for consideration, but you need to apply online.
How do I change the banking information I provided when I applied for OSAP?
To update your banking information, complete the National Student Loans Service Centre (NSLSC) “Bank Account Change Request” form and attach a void cheque. Then, submit the completed form directly to the NSLSC.
How will I get my OSAP if I don’t have a bank account?
You must set up your own bank account for OSAP direct deposit.
If I withdraw from studies, how will it affect my OSAP funding?
If you drop below OSAP’s definition of full-time status (1.5 credits) or if you withdraw fully, it will have a significant impact on your OSAP funding.
Students must maintain satisfactory academic progress. That means that students are required to successfully complete the academic requirements of their program to continue to be eligible for OSAP. Frequent or multiple program switches, drops, withdrawals and/or repeats of programs that are funded by OSAP may also be considered lack of academic progress and direction.
These are some of the consequences to withdrawing from full-time studies while on OSAP:
- Your loans will become repayable on the first day of the seventh month after you withdraw from full-time studies.
- Some of your OSAP grants may be converted to repayable loans.
- Your OSAP entitlement will be reassessed and an overpayment will be created due to your withdrawal (i.e., you received more OSAP funding than you needed due to your shortened study period).
- There will be OSAP academic probation or restriction placed on your OSAP file because you did not maintain full-time standing during your OSAP funded study period.
- If you drop courses and qualify for a tuition refund, the U of T may send some or all of that money back to OSAP to reduce your outstanding debt.
See our OSAP Withdrawal information page for more details.
Last Updated: August 2018