Your university is always paid in full before you receive any money in your bank account.soapaddict wrote: ↑do grants that osap give you always go directly into your bank account or do they use for to help pay off your tuition
Osap tips/advice/questions
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- Oct 5th, 2023 2:44 pm
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- SCORE+11
- Guest4938484
- Deal Addict
- Feb 22, 2013
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- Ottawa, ON
- Typhoonz
- Deal Addict
- Nov 12, 2011
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- Niagara-on-the-Lake
That's not true. You can choose for them to pay your tuition directly, or have it deposited into your bank account directly. You have this option when you apply for it. I have OSAP deposit it into my account so I can pay my tuition manually.
- Guest4938484
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- Feb 22, 2013
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- Ottawa, ON
University materials should already have those fees published for the upcoming year. If not, then use the 2013-2014 figures.OriginalPoster wrote: ↑Where would I get the tuition, books and other fees for the 2014/2015 year or would it be safe to use the 2013/2014 year (the one that just ended)
- joepoonie
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- Aug 27, 2011
- 3048 posts
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- Toronto
How would OSAP be able to know that the 4k in money is from them last year? The chances of them accepting that the money came from the previous year would take some explanation and hope that they would listen.
- Kasakato
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- Mar 25, 2005
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- joepoonie
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- Kasakato
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- Mar 25, 2005
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Not following your logic. There are only two cases:
1) The $4k is not previous OSAP funding and will therefore be recognized as an asset, possibly reducing funding for this year.
2) The $4k is previous OSAP funding and will not affect current year funding.
Outstanding loans are not a consideration for OSAP funding.
- joepoonie
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- Aug 27, 2011
- 3048 posts
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- Toronto
What I meant is say the $4k is previous funding. If OSAP considers it not to be previous funding, you'd lose the amount of funding based on the $4k. By the time you're able to appeal the ruling, you're still out money because you'll have to find a way to cover the loss of funding.Kasakato wrote: ↑Not following your logic. There are only two cases:
1) The $4k is not previous OSAP funding and will therefore be recognized as an asset, possibly reducing funding for this year.
2) The $4k is previous OSAP funding and will not affect current year funding.
Outstanding loans are not a consideration for OSAP funding.
So $4k assets = say, $2,500 funding
So if the funding is pulled, then you'll have to find another way to make up the $2,500 -> take out another loan.
You're out the interest on the $2,500 even if your appeal goes through.
- Kasakato
- Deal Expert
- Mar 25, 2005
- 22706 posts
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Still not following. The outcomes of cases 2 and 3 are essentially the same- you loose the money. In case 2 you had it and it was taken away; in case 3 you just never got it.joepoonie wrote: ↑What I meant is say the $4k is previous funding. If OSAP considers it not to be previous funding, you'd lose the amount of funding based on the $4k. By the time you're able to appeal the ruling, you're still out money because you'll have to find a way to cover the loss of funding.
So $4k assets = say, $2,500 funding
So if the funding is pulled, then you'll have to find another way to make up the $2,500 -> take out another loan.
You're out the interest on the $2,500 even if your appeal goes through.
1. List as asset, its found to be eligible/no audit: life's good
2. List as asset, found to be ineligible: at worst, pay back the overpayment (assuming this is a second occurrence), otherwise keep the funding.
3. Do not list as asset: do not get incremental funding.
- geokilla
- Deal Expert
- Mar 1, 2008
- 19151 posts
- 9079 upvotes
- Toronto, Ontario
I am doing an extra year (5th year) at Ryerson University. I just tried applying for OSAP again. What steps do I need to do to apply? It keeps on rejecting my application because it claims I have been out of school for 4 years, as I graduated from high school 4 years ago.
RFD is love. RFD is life.
- dragon_drift
- Deal Expert
- Sep 3, 2007
- 16039 posts
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You're probably doing the 30% off tuition application. The main application for 2014-2015 is the one you should be applying.
- geokilla
- Deal Expert
- Mar 1, 2008
- 19151 posts
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- Toronto, Ontario
I was doing the main application.dragon_drift wrote: ↑You're probably doing the 30% off tuition application. The main application for 2014-2015 is the one you should be applying.
RFD is love. RFD is life.
- OriginalPoster
- Newbie
- Nov 11, 2013
- 15 posts
- 1 upvote
- Toronto
I applied for the 2014/2015 year and clicked view estimate and saw:
[QUOTE]Loan and grant funding: $12,300
30% Off Ontario Tuition Grant: $1,780
Total Funding $14,080[/QUOTE]
I was just curious on what others are potentially receiving? Is 14k the max amount OSAP can give or could it exceed this?
[QUOTE]Loan and grant funding: $12,300
30% Off Ontario Tuition Grant: $1,780
Total Funding $14,080[/QUOTE]
I was just curious on what others are potentially receiving? Is 14k the max amount OSAP can give or could it exceed this?
- dragon_drift
- Deal Expert
- Sep 3, 2007
- 16039 posts
- 400 upvotes
I believe it can be exceeded. One of my classmates received ~$17k, but she lived in Owen Sound and studied in Oshawa.OriginalPoster wrote: ↑I applied for the 2014/2015 year and clicked view estimate and saw:
I was just curious on what others are potentially receiving? Is 14k the max amount OSAP can give or could it exceed this?
- minttea
- Sr. Member
- Oct 20, 2007
- 822 posts
- 418 upvotes
I keep reading about paying off the Federal portion of loans first -- how does one find out how much they owe per federal and provincial loan?
Does one call them to find out, make the payment, then call to make sure it went to federal ..or is this online somewhere? I didn't see anything on the NSLSC page.
I am in the 6 month grace period but this building interest is killing me! Thanks in advance
Does one call them to find out, make the payment, then call to make sure it went to federal ..or is this online somewhere? I didn't see anything on the NSLSC page.
I am in the 6 month grace period but this building interest is killing me! Thanks in advance
- Guest4938484
- Deal Addict
- Feb 22, 2013
- 2028 posts
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- Ottawa, ON
Yes it's online on the NSLSC website. I don't think you can "pay off" one part first then the other part.minttea wrote: ↑I keep reading about paying off the Federal portion of loans first -- how does one find out how much they owe per federal and provincial loan?
Does one call them to find out, make the payment, then call to make sure it went to federal ..or is this online somewhere? I didn't see anything on the NSLSC page.
I am in the 6 month grace period but this building interest is killing me! Thanks in advance
- millow
- Sr. Member
- Mar 29, 2011
- 825 posts
- 68 upvotes
I'm going to be finishing my courses and OSAP is going to start charging me interest on June 18th. I'm planning on attending a graduate program in January, when I reapply for OSAP for that will the interest I've been charged be erased?
- Guest4938484
- Deal Addict
- Feb 22, 2013
- 2028 posts
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- Ottawa, ON
No, they will charge you the ~6 months of interest on the applicable loan portion.
- theBasher91
- Sr. Member
- May 24, 2013
- 793 posts
- 285 upvotes
You can definitely receive more, it really depends on your situation. Parental income, disability, dependents, etc. I know a guy who got just over 20k from osap, absolutely crazy amount. Mind you, he fit into almost every category of need.OriginalPoster wrote: ↑I applied for the 2014/2015 year and clicked view estimate and saw:
I was just curious on what others are potentially receiving? Is 14k the max amount OSAP can give or could it exceed this?
- ramo88
- Newbie
- May 27, 2014
- 17 posts
- 2 upvotes
- Toronto, ON
I need some help
I currently am on academic probation for the summer term OSAP. Ive received my OSAP money this summer aleady. I go to York U and am finishing my last 3 courses and will be graduating this fall no problem.
I've enrolled into college for this fall as well. I have applied for OSAP for the 2014-2015 school year. My OSAP just updated and it says they need an academic progress letter for the 2014-2015 academic term now. How exactly do I write this letter as a student entering my first year in college on academic probation with OSAP due to my university grades?
I currently am on academic probation for the summer term OSAP. Ive received my OSAP money this summer aleady. I go to York U and am finishing my last 3 courses and will be graduating this fall no problem.
I've enrolled into college for this fall as well. I have applied for OSAP for the 2014-2015 school year. My OSAP just updated and it says they need an academic progress letter for the 2014-2015 academic term now. How exactly do I write this letter as a student entering my first year in college on academic probation with OSAP due to my university grades?
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