Students

Osap tips/advice/questions

Member
Sep 6, 2016
466 posts
169 upvotes
Hello,
How often does OSAP pay out with delay usually?
Before I got my OSAP in the begging if September.

Now even my school did not make any confirmation.

I send an email -I got an automatic message to wait 10 - 15 business days.

On NSLSC:
Important Notice
September Funding Update

You should expect to receive your funds 4-6 business days after your studies start. We will send an email to your online secure inbox once your funding has been released. If there are any issues with your disbursement, we will contact you.
???

It is our new government is trying to save some money or....?

Thank you
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Jr. Member
Feb 24, 2018
124 posts
37 upvotes
Same problem, I've been waiting for my school to confirm enrollment and it's been on the same status for weeks.
Deal Addict
User avatar
Jan 28, 2009
1882 posts
509 upvotes
Ottawa
Funds haven't been released yet.
Also noticed this message in the funding page.
This year, OSAP funding will automatically be sent to the school you’re attending, and if there is any remaining funding, it will be deposited directly into your bank account.
Sad, can't pay for tuition myself through plastiq anymore.
Newbie
Sep 19, 2018
1 posts
Hi Guys,
I applied for OSAP on September-8th and documents were sent OSAP through my college on September 10th. I am seeing status like "Funding can not be calculated because documents are not yet received". May I know when this will change ? Any how long does it take for OSAP to provide funding from applying OSAP(Anybody have timeline) ?
Member
Sep 6, 2016
466 posts
169 upvotes
rnanndrews wrote:
Sep 20th, 2018 3:07 pm
Hi Guys,
I applied for OSAP on September-8th and documents were sent OSAP through my college on September 10th. I am seeing status like "Funding can not be calculated because documents are not yet received". May I know when this will change ? Any how long does it take for OSAP to provide funding from applying OSAP(Anybody have timeline) ?
up to 6 weeks to wait.
Now they are so busy.
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Deal Addict
Jan 21, 2014
3071 posts
892 upvotes
Why NSLSN started charging interest when my daughter still in school? Is it because she did not get anything from OSAP this year ($0) so they think she finished school and started charging interest? She will call them later today to straighten it out. As long as she is still in school she should still get interest free on the loan right?
Newbie
Aug 25, 2018
3 posts
Hi

I am an adult learner and received OSAP recently. I also receive grant as I have family and 3 kids. I would like to know if it is Oke to put money I received from governemnt into Saving Account.
Newbie
Aug 25, 2018
3 posts
MasterPro wrote:
Sep 20th, 2018 11:49 pm
up to 6 weeks to wait.
Now they are so busy.
I don'/)t know if you hear from them or not. The best way to speed up the process talk to Financial advisor at your school and take your all original document, which needs to be uploaded into your OSAP account. Besides uploading your documents financial advisor have an authority to verify your documents.
Deal Addict
Jan 21, 2014
3071 posts
892 upvotes
Hi,
Does anyone know if interest accidentally charged during grace period can be reverted? My daughter still in school and she will have 3 more years of post grad. She applied for OSAP and normally her student status would get updated. This time, she did not get any funding (not even loan) due to some large scholarship she received. So her status never got updated. She also called her school and they said they would submit her status immediately (which was more than 2 weeks ago) and till this day, the interest keeps piling up. She called NSLSN yesterday and they claimed "too bad, you should have updated us. Now nothing you can do and just wait for school to update your status. In the meantime, interest is not reversible". Rep was very rude and unfriendly. My question is, is it true that interest is not reversible? she is in school all this time but they are charging interest. Anyone knows the answer or has similar experience before?

Update: Rep was not just rude but totally wrong. After my daughter decided to pay off the entire loan + interest because she didn't know if her school status would ever get updated by her school or not. well today (after more than 3 weeks), her account has now a surplus of ~$280 as the interest was disappeared from her account. Now she doesn't know what to do with the extra money in there :(
Last edited by mkl38s on Oct 18th, 2018 6:34 am, edited 2 times in total.
Newbie
Oct 16, 2018
2 posts
I have a question in regards to buying a vehicle while under loan.

I am a full adult (out of high school 4 years+)

If I was to get a loan of 10-15k and buy a used vehicle, can it impact my OSAP funding greatly?
Sr. Member
User avatar
May 19, 2015
585 posts
194 upvotes
kgozi66694641481 wrote:
Oct 17th, 2018 2:32 pm
I have a question in regards to buying a vehicle while under loan.

I am a full adult (out of high school 4 years+)

If I was to get a loan of 10-15k and buy a used vehicle, can it impact my OSAP funding greatly?
it would be considered an asset so probably yes. you might not get loans as they expect you to sell cars and such too fund education
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