Do you want to keep going to school but can’t afford it? You should think about OSAP (the Ontario Student Assistance Program).
OSAP is a government loan that helps you pay for school. It gives students loansMoney awards that you must pay back., grants and bursariesMoney awards that are given to you based on your financial need and academic achievement (high grades!), or if you are a member of a special group that they specify. You usually do not have to pay these back., and scholarshipsMoney awards you get for your academic or other achievements. You do not have to pay these back..
The financial assistance you get helps you pay for:
- Mandatory fees
- Living costs
You may qualify for a full-time student loan, a part-time student loan, a grant, scholarship or bursary. You may also qualify for an Ontario Student Opportunity Grant that reduces the amount of student loansMoney awards that you must pay back. you need to repay.
How much money can I get?
Each person gets a different loan amount. How much you get depends on a few things, like if you are a single student with or without parental support, a married student, etc.
Your loan amount is determined by looking at:
- How much school will cost you
- How much you (or your parents, or your spouse) can pay for school
Once you begin your registration, you will find out how much assistance you qualify for.