OSAP stands for the Ontario Student
Assistance Program. OSAP assists students in paying for their post-secondary
education, for those that need the financial help.
OSAP offers two types of funding. OSAP
offers grants, which is money that the student is not required to pay back.
OSAP also offers student loans, which is owed back to OSAP once the student is
finished school.
Almost everyone is eligible for OSAP,
including Canadian citizens, permanent residents and protected persons.
Unfortunately, you are not eligible for OSAP if you lack the academic
requirements, have enough financial resources, the income given on your OSAP
application is significantly different from what you reported to the Canadian
Revenue Agency, you have defaulted a student loan, have bursary or grant
overpayments or significant loan overpayments, failed a credit check, declared
bankruptcy or you have reached your limit of student loan funding (limits given
below).
Ø
340
weeks of funding
Ø
400
weeks of funding for doctorial studies
Ø
520
weeks of funding for students with disabilities
OSAP tries to help with as much as
they can. OSAP helps pay for tuition, books, mandatory student fees that a school
may charge, living expenses for full-time students and child care for students
with children.
When OSAP accepts your application,
you are guaranteed to get some sort of financial help. How much money you
receive depends on education expenses, the course load and your personal
financial situation.
OSAP is a huge support for students
who want to continue their education into post-secondary. OSAP gives thousands
of students every year the opportunity to get the education that they want to
have.
