Category Archives: Financial Aid and Awards

Ontario Budget: Improving Access to Postsecondary Education

The government is transforming student financial assistance to make postsecondary education more accessible and affordable. To help more students qualify for grants and access the student loan system, the government will create a single major upfront grant starting in the 2017–18 school year. These changes will ensure that financial support is transparent, timely and targeted to those students with the greatest financial need.

To read more about the proposed actions please visit: http://www.fin.gov.on.ca/en/budget/ontariobudgets/2016/bk1.html

The Ministry of Training, Colleges and Universities has also provided some responses to frequently asked questions about the impacts of the new budget with respect to OSAP and financial aid.

Students Enrolled in a Program with 3 Consecutive Terms – Fall 2015, Winter & Spring 2016

An email with Important Information about OSAP Funding & Payment of your Tuition Fees for 2015/16 has been sent to the email address listed in your OSAP application. OSAP funding will NOT be disbursed for your Spring 2016 Term. Please budget accordingly to ensure that you have sufficient funding to pay your Spring 2016 tuition fees. In order to register and select your timetable for Spring Term your fees must be paid in full by April 4, 2016.

Continuation of Interest Free Status Form (CIFS)

If you are a previous or current OSAP recipient who will be on a Co-op Term in Fall 2015 or Winter 2016 you will need to complete a CIFS. This form allows us to confirm your status as a full-time student & ensures that your loans remain interest free & in good standing.

This form is available online or through the Financial Aid office at the campus you are attending. Please complete and submit the form to the Financial Aid Office at your earliest convenience.