niagaracollege.ca/finaid

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Presentation transcript:

niagaracollege.ca/finaid Financial Aid & Awards niagaracollege.ca/finaid

ontario.ca/osap Application is now available! __________________________________________________________________ Application is now available! Includes repayable loans & non-repayable grants Automatic consideration for each Check out the aid estimator (www.ontario.ca/osap)

Your OSAP Account Create account and apply online Check status for processing updates Funding summary and disbursement dates Option for grant only funding Message Centre to communicate with students

What Information Will OSAP Require From Me? School & program name Parent(s) 2016 Income Tax Return Minimal income information Assets as of the start of classes Consent to remit tuition automatically Consent to release information

First Portion is Released OSAP Process Submit Application & Receive Estimate Pay Tuition Deposit Submit Signature Pages Select Timetable MSFAA – Banking Info @ Post Office School Confirms Enrolment Log On & Monitor Processing First Portion is Released (60%)

How Much Money Can I Get from OSAP? Weekly 34 week program (2 Terms) Single dependent & independent studies Up to $390 Up to $13,260 Married students & sole support parents Up to $660 Up to $22,440 Students studying outside of Canada Up to $210 Up to $7,140

OSAP Appeals Local Travel Living Allowance Exceptional Expenses Change to parental income Many more available

Free Tuition Is Here!

Who Can Get Free Tuition? Students whose family income is $50,000 or less will receive grants to cover the cost of average tuition Many middle income students will also receive grant exceed the value of their tuition. Family size & student resources will be considered About 80 per cent of all OSAP recipients will graduate with less provincial debt.

Budgeting Education is an investment and therefore should be treated with care and attention Careful planning, saving, budgeting and your financial aid office should all play a part in financing your education. Build a realistic budget listing your monthly expenses and resources Stick within your budget!

Scholarships, Bursaries & Other Support Check for scholarship/bursary opportunities at the college/university you are attending Student Line of Credit – Financial Institutions Work Study External Sources: Studentawards.com Studentscholarships.org Scholarshipscanada.com

We’re Here to Help! Financial Aid Offices in Ontario Processing support, corrections changes to the OSAP application Password reset & OAN retrieval Repayment Workshops Student Assistance Bursary – financial hardships

Facebook: Facebook.com/ONAdvancedEd Thank you! Niagara College Financial Aid & Awards (905) 735-2211 Ext. 7618 Email: finaid@niagaracollege.ca www.niagaracollege.ca/finaid OSAP Info Facebook: Facebook.com/ONAdvancedEd Twitter: @ONAdvancedED