Students

What was your OSAP when you graduated ?

  • Last Updated:
  • Sep 11th, 2017 10:04 am
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Deal Guru
User avatar
Dec 7, 2009
13357 posts
1210 upvotes
BeanFinn wrote:
Sep 8th, 2017 6:11 pm
Yup OSAP rates went up!

My roommate was 54,000 a year ago when he graduated August 2017 and now he's at 47,000.

It is such a struggle because all the left over money he has goes straight to OSAP and sometimes he over pays it too much that he does not have money for food.

The interest is insane. should be lowered or interest free.
They will pretty much eliminate debt for new students over the next few years but won't do anything to help existing borrowers.
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Newbie
Aug 9, 2017
5 posts
1 upvote
Toronto
My tuition including fees is 7k. I'm getting a 6k grant and a nice 3.5k loan (The school's compulsory fee isn't covered in the free tuition). Household income of about 25k. Hopefully i can find a summer job and start saving before i graduate. I got a 7.5k loan last year. I estimate my loan to be near 16k by the time I graduate.
Last edited by ashven288 on Sep 10th, 2017 5:35 pm, edited 2 times in total.
[OP]
Newbie
Mar 17, 2015
92 posts
9 upvotes
North York, ON
When I graduate my osap will be around $37,000. Only because I went to college first then transferred to a university.
Deal Fanatic
User avatar
Jul 17, 2008
7335 posts
1208 upvotes
Best is to pay off any gov student loan the day you graduate. Basically you get interest free money for 4 years if you manage to save up money to pay off the loan when you graduate. That's what I did.

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