1 OSAP 101

2 Disclaimer: The following is very general information for students leaving high school and entering postsecondary studies. You will have to do your own research to get all the facts. Please visit the OSAP website ontario.ca/OSAP for more information.

Why am I here today? To find out: 3 What is OSAP? Am I eligible? How much can I get? How do I apply?

4 What is OSAP?

5 OSAP = Ontario Student Assistance Program OSAP is a needs-based program designed to provide financial assistance to students with limited financial resources to help them attend postsecondary studies.

6 Is OSAP free money? YES and NO OSAP is Grants and Loans Grants = Free Money Loans = Borrowed Money

7 What is 30% Off? $1,900 / year$1,900 / year University $870 / year$870 / year College It is FREE money! school year:

8 Who can get 30% Off Tuition? Parents’ gross income is $160,000 or lessIn an undergraduate level programOut of high school less than four yearsAttending a school in Ontario Students must meet all criteria:

9 How do I get 30% Off Tuition? Students must apply for:OSAP * Includes 30% Off Ontario Tuition * or 30% Off Ontario Tuition the stand-alone 30% Off Ontario Tuition Apply online or with the paper application

10 Are there grants for students with disabilities? Yes! Canada Student Grant for Persons with Permanent Disabilities (CSG-PD) Canada Student Grant for Services and Equipment for Persons with Permanent Disabilities (CSG-PDSE) Bursary for Students with Disabilities (BSWD)

11 Students with disabilities cont. Self-identify as a student with a disability on your OSAP application. Print out the Bursary for Students with Disabilities application from OSAP website. Visit the Disabilities Services Office at your postsecondary school. Speak with an advisor about all required documentation and other information.

12 Am I eligible?

a Canadian citizen, permanent resident, or protected personan Ontario residentattending an OSAP-approved program and school, andenrolled full-time in a degree, diploma or certificate program 13 Who is eligible for OSAP? You must be:

14 Does everyone get OSAP? OSAP is based on financial need All students should apply for OSAP Students can get 30% Off Ontario Tuition if their parents make under $160,000 per year

15 Can students get OSAP for attending any school? OSAP is available for allpublicly-funded Ontario universities and colleges, as well as many private schools. Check online for a list of all approved schools.

16 How much can I get?

17 How much OSAP can students get? Allowable Educational Costs Expected Financial Contributions Calculation of Assessed Need Tuition and compulsory fees Books, supplies, equipment and computer costs Living and travel costs Savings from your pre-study period Income from your study period Parental income contribution RESP and other assets

18 Visit For an estimate of how much OSAP you may be eligible, please visit the online OSAP Aid Estimator

19 Do grades affect OSAP funding? No. OSAP is based on financial need. However: Poor grades may restrict your future funding Poor grades may restrict your future funding Ask your school about merit-based scholarships Ask your school about merit-based scholarships

20 How do I apply?

21 When does the OSAP application come out? Every year around the beginning of May. Every year around the beginning of May. Apply early! Students apply after being accepted to their college or university of choice. Apply early! Students apply after being accepted to their college or university of choice.

22 How do students apply for OSAP? Apply online at:Ontario.ca/OSAP OR Visit a Financial Aid Office

23 When is the last day to apply? 60 days before the end of your study period. Apply as soon as you are accepted. Late applications can cause delays and late fees at your school. DO NOT WAIT UNTIL THE LAST MINUTE!

24 How can students check their OSAP account status? Log into you OSAP account atontario.ca/OSAP

25 When does the money arrive? OSAP is issued in two instalments – one at the start of the first semester and one at the start of the second semester. Make sure your application is complete! Make sure you submit your signature pages!

26 How often do students apply for OSAP? Students must apply for OSAPand/or 30% Off every year

27 Is there an OSAP application Fee? No! …but expect other postsecondary application costs and fees.

28 TheMSFAA Do not forget to submit your Master Student Financial Assistance Agreement

29 What is the MSFAA? Master Student Financial Assistance Agreement The MSFAA is your loan agreement The MSFAA is your loan agreement It provides your banking information It provides your banking information NO MSFAA NO $$$$$ =

30 The MSFAA is submitted 1 time Students must submit their MSFAA to a Canada Post outlet before their first year of studies after they apply for OSAP. You do not submit another MSFAA next year. NO MSFAA NO $$$$$ =

31 KnowYourFAO

32 What’s an FAO? The FAO is your Financial Aid Office. Your FAO is your first point of contact for any OSAP or money issues.

33 Where is your FAO? FAOs are at all colleges and universities. FAOs can access all students’ OSAP accounts. Visit a local FAO for help with OSAP at any college or university.

34 If you have a problem and you can’t solve it, check out your FAO to resolve it.

OSAP Repayment 35

36 How much will a student owe when they graduate? Ontario students’ debt is capped each year. For the 2016/17 year, for example, student debt it is capped at $7,500 for a two-term academic year. Students are issued an Ontario Student Opportunity Grant (OSOG) for any amount of loan received over $7,500. You are automatically considered for OSOG when you apply for OSAP.

37 6 months after they finish school 12 months IF they work in the non- profit sector or start a business Students must make payments every month When do students have to start paying OSAP back?

38 What if they need help paying the loans back? The Repayment Assistance Plan (RAP) is available. No more than 20% of a student’s income goes toward repayment of loan under RAP.

Other types of financial aid ScholarshipsCanada.com Studentawards.com Institutional aid 39

NEW for smartphones 40 OSAP MOBILE Your account is in your hands

What can be done with OSAP Mobile? Application summary Application summary Things to review and things to do Things to review and things to do Funding summary Funding summary Dates for funding to be released Dates for funding to be released 41 Students can download the app at

Have Questions? Have questions now: Ask me now! 42 Other ways tocommunicate withOSAP: Other ways to communicate with #OSAP #30off Have questions later: Ask your FAO! Get more informationby visiting the OSAPwebsites: Get more information by visiting the OSAP websites: OSAP: ontario.ca/osap 30Off: ontario.ca/30off

43 Once again, Disclaimer: You have been provided with a brief overview about OSAP. This presentation does not provide all the specific details you will need to fully understand the program. Go to the OSAP website for more detailed information regarding eligibility requirements, deadlines, loan and grant information and other important things you will need to know.

44 Thank you OSAP 101