Is it possible to get a loan from OSAP with an existing unpaid loan?

I found these answers online when I goggled it-sounds like you can get more -I would call them


Your osap will need to start being repaid 6 months after you leave school. Should you go back to school and apply for osap (and are approved for osap), then the account will freeze again (you won't have to pay any more back) and you are essentially back on the original loan.

*Experience; withdrew for a year and went back to school. As an additional hint, move out; osap gives you a lot more money for being independent and they'll give you living costs as well as schooling costs.



Depends how you handle your debt from now until then. First, it is your responsibility to ensure that OSAP and the National student loan service center have a current address for you. They don't exchange that kind of info so you have to let both know if you move. When you leave, your last day of school is communicated to OSAP and your 6 month grace period starts. About 4 months later you get a consolidation agreement which must be signed and returned by the deadline. At that time you can apply for REpayment Assistance, which will reduce or eliminate your monthly loan repayments.

If you "keep your loan in good standing", which means you are making whatever payments are required (if any) then it will reduce your hassles when you apply for OSAP again. You will probably be in overpayment because you withdrew from school. As long as you only have 1 overpayment you are okay, you can still get OSAP. If you have 2 overpayments you have to repay all of 1 of them before you are eligible for OSAP again. If your loan is not in good standing you will not be able to get OSAP until you pay the outstanding interest at the very least.

No. You need to have your other loan paid up.

And stop spending money you dont have.

OSAP operates in maximum terms (340 weeks for bachelor's and master's, and 400 weeks for PhD ) so as long as you haven't exhausted the maximum amount of terms you're eligible for OSAP, you can always get more if your loan is in good standing (haven't defaulted on any payments). My boyfriend has gotten OSAP continuously for his bachelor's, master's, and a certificate program. The size of the loan just keeps growing until you're done school and then you go into repayment. You can do this until you max out the 340 weeks, which is about 6.5 years of continuous enrollment.

vegaling wrote: ↑OSAP operates in maximum terms (340 weeks for bachelor's and master's, and 400 weeks for PhD ) so as long as you haven't exhausted the maximum amount of terms you're eligible for OSAP, you can always get more if your loan is in good standing (haven't defaulted on any payments). My boyfriend has gotten OSAP continuously for his bachelor's, master's, and a certificate program. The size of the loan just keeps growing until you're done school and then you go into repayment. You can do this until you max out the 340 weeks, which is about 6.5 years of continuous enrollment.

CindyM99 wrote: ↑I found these answers online when I goggled it-sounds like you can get more -I would call them


Your osap will need to start being repaid 6 months after you leave school. Should you go back to school and apply for osap (and are approved for osap), then the account will freeze again (you won't have to pay any more back) and you are essentially back on the original loan.

*Experience; withdrew for a year and went back to school. As an additional hint, move out; osap gives you a lot more money for being independent and they'll give you living costs as well as schooling costs.



Depends how you handle your debt from now until then. First, it is your responsibility to ensure that OSAP and the National student loan service center have a current address for you. They don't exchange that kind of info so you have to let both know if you move. When you leave, your last day of school is communicated to OSAP and your 6 month grace period starts. About 4 months later you get a consolidation agreement which must be signed and returned by the deadline. At that time you can apply for REpayment Assistance, which will reduce or eliminate your monthly loan repayments.

If you "keep your loan in good standing", which means you are making whatever payments are required (if any) then it will reduce your hassles when you apply for OSAP again. You will probably be in overpayment because you withdrew from school. As long as you only have 1 overpayment you are okay, you can still get OSAP. If you have 2 overpayments you have to repay all of 1 of them before you are eligible for OSAP again. If your loan is not in good standing you will not be able to get OSAP until you pay the outstanding interest at the very least.

Thanks! Solid information