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OSAP O ntario S tudent A ssistance P rogram. Everyone is considered. To be considered independent of your parents, you have to be out of high school for 4 years. Students in special circumstances If you’re a student with specific needs, OSAP offers a range of programs that can

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Presentation Transcript
slide2
Everyone is considered

To be considered independent of your parents, you have to be out of high school for 4 years.

slide3

Students in special circumstances

  • If you’re a student with specific needs,
  • OSAP offers a range of programs that can
  • help you pay for postsecondary education.
    • Aboriginal students
    • Crown wards
    • First Generation students
    • Students with disabilities
    • Deaf or hard of hearing students
    • Students on Social Assistance.
loans and grants
Loans and Grants
  • LOANS – you’ll pay back after graduation
  • GRANTS – you don’t pay back
  • Both are on the same application
slide6
Remember, OSAP is meant to help you pay for school – not pay the whole thing.
  • You will apply for OSAP after you have accepted an offer from College or University.
  • Check with the financial aid office of your school – they’ll have info about scholarships for which you may qualify.
how much do i need
How Much Do I Need?

OSAP assumes that you are working in the summer before school.

35 hours a week x minimum wage

OSAP does not consider things like:parking transportation feessnacks transcript fees clothing

Your OSAP money will not be available until after you have started school, so you will need to make plans for initial fees, first/last rent, books, basic supplies

YOU WILL NEED YOUR OWN MONEYOSAP WILL NOT PAY FOR IT ALL

how much do i get
How much do I get?

The basic formula is:

  • Money you’re expected to contribute
  • Allowed education expenses
  • = Financial need

Make sure to try the

Aid Estimator

slide9

Fanshawe College – Child and Youth Worker

Earning $2000 in the summer

Only 1 parent

Only 1 child

Living on campus

Parent earns $65 000

Estimated cost of a year

These are GRANTS that you wouldn’t have to pay back

This is what you will have to pay back

Estimated funding from OSAP

slide10

Laurentian University – Psychology

$2000 earned in summer

Married Parents

2 Children (1 in Post secondary)

Living on campus

Parents earn $40 000 each

Estimated cost of a year

These are GRANTS that you wouldn’t have to pay back

Estimated funding from OSAP

This is what you will have to pay back

before you apply1
Before you apply

Make sure…

  • To get a SIN cardhttp://www.servicecanada.gc.ca
  • That your parents have filed their 2013 taxes
  • You have filed

your 2013 taxes

slide13
If you’re taking a university program at a college, choose the financial aid office of the college on your application – that’s where you want the money to go.
  • If either of your parents live within 40 km of the campus, you will be considered to live at home(Georgian is just 40km away from Bradford)
  • If you own a car – it shouldn’t be valued at more than $5000
for your application1
For Your Application
  • Use your parent’s address – you’ll be reapplying each year and will probably move each year.
  • You’ll need your OEN from

high school – it’s at the

top of your report cards

to submit your application
To Submit your application
  • Don’t just hit “Save and exit” make sure you hit “Submit” first.
  • Print and sign the signature pages. YOUR APPLICATION ISN’T COMPLETE UNTIL THESE PAGES ARE HANDED IN
signature pages
Signature Pages

There are two ways to submit the signature pages.

Print & sign the pages and take them with a parent AND identification to the financial aid office of your school.

Print & sign the pages and take them with a parent AND identification to a Canada Post Outlet

after you apply1
After You Apply
  • You must keep a 60% course load(consider your OSAP when thinking about dropping courses during the year)
  • You will need government ID to pick up your money (driver’s license, OHIP card, Passport)
after you apply2
After You Apply
  • You will need to re-apply for OSAP each year – it does not automatically renew
  • Keep your account information (password & access number) somewhere safe, as you’ll need it to reapply each year.
making payments
Making Payments

You do not have to make any payments to loans while you’re in school.

You will have 6 months after you graduate or stop being a full time students before you start paying interest.

other money
Other Money

Your best source of information is your school’s financial aid office / website.www.scholarshipscanada.com

www.studentawards.com

BDHS graduation awards

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