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    OSAP 10 Step Flow Chart

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    This document outlines the steps students must take to apply for and receive OSAP funding from the Ontario government for the 2017-2018 school year. It details registering for an OSAP account, uploading supporting documents, completing a master student loan agreement in-person, tracking the application status, ensuring full-time enrollment, having funds deposited to student accounts and directly to students, following up after funds are received, keeping OSAP updated of any changes, meeting academic progress requirements, and next steps for the following school year.

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    OSAP 10 Step Flow Chart

    Uploaded by

    P
    140 views2 pages
    This document outlines the steps students must take to apply for and receive OSAP funding from the Ontario government for the 2017-2018 school year. It details registering for an OSAP account, uploading supporting documents, completing a master student loan agreement in-person, tracking the application status, ensuring full-time enrollment, having funds deposited to student accounts and directly to students, following up after funds are received, keeping OSAP updated of any changes, meeting academic progress requirements, and next steps for the following school year.

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    OSAP 10 step Flow Chart

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    This document outlines the steps students must take to apply for and receive OSAP funding from the Ontario government for the 2017-2018 school year. It details registering for an OSAP account, uploading supporting documents, completing a master student loan agreement in-person, tracking the application status, ensuring full-time enrollment, having funds deposited to student accounts and directly to students, following up after funds are received, keeping OSAP updated of any changes, meeting academic progress requirements, and next steps for the following school year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    140 views2 pages

    OSAP 10 Step Flow Chart

    Uploaded by

    P
    This document outlines the steps students must take to apply for and receive OSAP funding from the Ontario government for the 2017-2018 school year. It details registering for an OSAP account, uploading supporting documents, completing a master student loan agreement in-person, tracking the application status, ensuring full-time enrollment, having funds deposited to student accounts and directly to students, following up after funds are received, keeping OSAP updated of any changes, meeting academic progress requirements, and next steps for the following school year.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    1 Log on to the OSAP website at ontario.

    ca/osap
    Click “Register” and create your profile. Select “start new app” to complete April-July
    the 2017-2018 full-time OSAP application.

    2 Upload into your OSAP application (or submit to the Financial Aid Office of
    your post-secondary institution) supporting documentation (i.e., student and
    parental signature pages, residency information, proof of parent’s foreign April-July
    income, child’s birth certificate, etc.)

    3 Print, complete, and take your Master Student Financial Assistance


    Agreement (MSFAA)* in person to a designated Canada Post Outlet.
    The MSFAA is your lifetime loan agreement.
    Present: (1) your Social Insurance Number card; and April-July
    (2) a piece of your Canadian government-issued photo identification
    (i.e., driver’s license or passport).
    *Required: provides your banking information so applicable OSAP funds can
    be deposited directly to your bank account.

    4 Track the status of your application online, learn how much funding you will
    receive and when. June—September

    5 Ensure you are registered in a full-time course load (minimum 60% course
    load for all terms of study; 40% course load for students with a permanent
    disability). Your post-secondary institution will confirm your full-time enrolment
    September
    closer to the start of your 2017-18 study period.

    6 If you have granted permission (for 2017-2018) a portion (or all) of the first
    instalment of your OSAP funds will be applied to your post-secondary
    student fee account. Any remaining funds from your first instalment will be August—September
    deposited directly into your bank account once you have completed the above
    steps, and your post-secondary institution has confirmed your enrolment.
    7 Confirm your income before the release of your 2nd installment.
    September
    Instructions will be sent to you.

    8 Your OSAP funding will be reassessed and may change if there are:
    -Changes in your course load;
    -Changes in your income information (i.e., receive a monetary award, cash in
    RESP’s)
    -Opt out of student activity fees;
    -Parents income on OSAP application doesn’t match their income tax Anytime
    information;
    -Change in your status (e.g. get married or become common-law, birth of a
    child) ;
    -Adjustments to your OSAP application can be made at anytime during the
    study period by the Financial Aid Office your post-secondary institution.

    Satisfy the academic progress requirements for OSAP by successfully


    9 passing at least 60% of a full course load/40% of a full course load for students
    with a permanent disability.
    End of Study
    *Academic progress requirements for OSAP may be different from your Period
    postsecondary institution.

    Apply for OSAP funding for the next academic year


    10 OR
    If you will be enrolled in full-time studies next year but will not be accessing OSAP: When new app
    OSAP, complete a Continuation of Interest Free Status form at the beginning of available
    your study period to place your loans into interest-free/non-repayment status CIFS: Late summer /
    OR early fall
    If you will not be enrolled in full-time studies next year your loans will go into
    repayment. Contact the National Student Loan Service Centre

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