osap problem.. ahh!!

[jnimagine]

just checked my osap status...
and it says that it's in process of verifying my income...
for my income between June 2008 and Sep 2008, I put $600...
but it turns out that with my summer job I actually ended up earning about $1000 maybe a little more..
so would this become a problem?????
I'm really worried... but how was I supposed to know exactly how much I was gonna earn this summer?
I didn't even have a job back when I was filling the application out....
also i wanna clarify "Ontario grants/Canada Access Grants" is money that I don't have to pay back but "Canada-Ontario Integrated Student Loan" is the one I have to pay back right?

[CSR]

No problem here.. its an estimate for a reason. $400 shouldn't affect your funding.. you don't even need to tell them as they'll probably overlook it. ie. It is not a significant amount.

You can always report the change in income to be safe.

[jnimagine]

No problem here.. its an estimate for a reason. $400 shouldn't affect your funding.. you don't even need to tell them as they'll probably overlook it. ie. It is not a significant amount.

You can always report the change in income to be safe.

how and when can i report the change to osap???

[Code of Conduct]

also i wanna clarify "Ontario grants/Canada Access Grants" is money that I don't have to pay back but "Canada-Ontario Integrated Student Loan" is the one I have to pay back right?

This is correct.

As for your income change, your financial aid office at your school should have the necessary forms to fill out. Its a simple form and you can usually just drop it off when you're done with it. For 400, it shouldnt affect your entitlement at all. For example, my reported income was off by about 4000 from my actual income last year and they automatically readjusted by entitlement without me having to report it at all. Apparently I hear that after 2 years of this, you're denied OSAP for the years afterwards but again, 400 is immaterial.

If you want to report the change in income, you should do it before the fall of next year. They usually verify income with CRA by the fall (or late summer) of the year after you apply.