i'm also graduating in april and i've contacted the national student loans service centre (NSLSC) about repaying my loans.japcutie wrote:Has anyone had experience with paying OSAP back before? I'm finishing my degree in April, do I have to send them a letter telling them that I'm done with school?
I heard that an extra step needs to be taken in order to receive intrest free for the first 6 months, if you don't, they'll start to charge you right off the bat. hmmm
basically, the interest will be charged the day after the school term ends (interest will accrue on may 1st for me) but no payments need to be made until after the 6 month grace period. it would be best to send them a lump sum payment to pay against the principal of your consolidated loan in order to keep the interest minimal.
i recommend contacting NSLSC in regards to a payment schedule.
in addition, i highly recommend checking out their website, if not for more information than to check the status of your loan accounts.