Please note that c o-op work term credits are not included when calculating course load for OSAP purposes. Changes in your course load can lead to changes in your OSAP funding.
If you drop below the minimum requirements you will lose eligibility for your funding plus incur an OSAP academic penalty. Contact our office or book an appointment with a Financial Aid Counsellor before you make any changes to your course load. If you withdrew because of illness, or family emergency, an appeal may be available.
Contact our office or book an appointment with a Financial Aid Counsellor before you make any changes. OSAP funding may be adjusted as part of this review, and student refunds may be fully or partially sent to the National Student Loans Service Centre as per Ministry requirements. Please note: courses that are dropped without academic penalty at University of Guelph are not considered to be successfully completed. The confirmation of enrolment process starts about a week before the beginning of each term.
After your confirmation is complete, the National Student Loan Service Centre releases the funding within five to 10 business days. Please monitor your student account in the Student Portal via the 'Financial' tab. OSAP will automatically remit fees to the college when we confirm your enrolment. The funds can take about two weeks to appear on your student account. If you select to receive only the grant portion of your OSAP funding, then you are responsible for calculating the difference and paying the amount owing before the due date.
If you do not pay the difference by the due date, you will be subject to a late fee. If you have more OSAP funding than is required to pay your fees, the remainder will go directly to your bank account.
You should receive your funding at about the same time the college receives the money to pay your fees. You may see different amounts deposited on different days because loans and grants often come in separate installments. Your fees will not be paid if your OSAP is not finalized, so make sure you have completed all the steps and submitted all your documentation on time. We recommend you complete the OSAP application and submit all documentation at least six to eight weeks before the start of your study period.
If your OSAP assessment is not enough to cover all your fees, then you must make sure that you pay the difference by the fee due date. If the full amount of your fees are not paid by the due date, you will be assessed a late fee. For the first six months following your program end date, you will not have to make payments on your student loan, however, interest will accumulate on the federal portion of your loan during this period.
This is known as your six month grace period. During your six months grace period, the National Student Loan Service Centre will contact you to set up repayment arrangements. Starting payments early, or paying more than the minimum can save you money. If you are a full-time college student who is not receiving OSAP, or you are on an official co-op work term, you may complete an application for continuation of the interest-free status to keep your prior loan s interest and payment free.
You can apply for interest-free status by logging in to your account on the OSAP website. There are also paper forms available at the Financial Aid Office. You must submit your application during your study period. Forms cannot be processed once your study period, or co-op period, has ended. There is help available and it is easy to apply for assistance online. In , the Government of Canada announced the creation of the Canada Apprenticeship Loan CAL to provide apprentices registered in Red Seal trades with interest-free loans to assist with the cost of technical training.
Apprentices who are registered in a Red Seal trade apprenticeship program and meet the eligibility requirements for a CAL may receive:. Please note that a borrower cannot receive both a Canada Student Loan and a Canada Apprenticeship Loan for the same technical training.
Confirmation of enrolment in technical training is required for disbursement of funding to eligible apprentices. After receiving confirmation of enrolment, funds will be disbursed directly to the eligible apprentices as early as the first day of their technical training.
Registered apprentices are not required to make payments on their loan s and no interest will accrue if they:. Repayment Assistance: The Government of Canada offers repayment assistance options that may assist borrowers who are experiencing financial difficulty in repayment through the Repayment Assistance Plan.
The Bursary for Exceptional Circumstances is intended to support students facing a financial emergency during their study period because of events beyond their control. This bursary is not intended to cover the entire cost of an emergency or replace insurance health, tenants, automobile, or otherwise , but to assist students to recover from the emergency in the short-term.
A financial emergency is defined as a crisis which could not have reasonably been budgeted for during your current study period. Examples include:. Examples of situations that do not qualify for the Bursary for Exceptional Circumstances include:. Students who are on a co-op term, completing an apprenticeship, or receiving Second Career funding are not eligible to receive this bursary.
If you are facing a genuine financial emergency and meet the above criteria, please contact Student Financial Services by email at awards conestogac. Search Search. Information For: Future Students. Overview Corporate Information Campuses. College news College events. Student Financial Services. OSAP information The Ontario Student Assistance Program OSAP is a combination of federal and provincial loans and grants that can assist students in financial need by helping them meet the costs associated with post-secondary education.
Please note that if you have lived in Canada for less than twelve months you may be eligible for OSAP under appeal.
Enrolled in an OSAP-approved program. Maintained satisfactory academic progress Any previous government-issued student loans are in good standing Any previous loan overpayments or bursary overawards are cleared You can submit multiple applications for different schools for the same study period. To determine if your program qualifies for OSAP, please email financialaid conestogac. Registered with a course load of between 20 to 59 per cent. If you are a student with a documented disability your required course load would be between 20 to 39 per cent.
You cannot defer your fees for part-time courses. For other payment arrangement details, go to: Admissions - Paying Your Fees. Part-time or full-time OSAP application OSAP classifies a student as full-time if they are taking at least 60 per cent of a full-time course load 40 per cent for students registered with a permanent disability. Determining course load Most full-time students take a per cent course load, as they enrol in all the courses offered for each level of the program.
For further clarification you would contact your program coordinator. Please note: You must provide consent allowing us to release any information related to your OSAP file to any third party.
Complete this section in your profile. We will not release information without your authorization. Parental income is considered for dependent students: those out of high school less than four years or those out of education completely for at least two calendar years. If the online search function does not locate your program you may manually enter your program information. We will then update your application with the relevant program information. Photocopy your documents for your records.
If you experience difficulties with your application, or if you need to return at a later point to continue, you may save and exit your application online. You are considered a part-time student if you are: Registered in 20 to 59 per cent of a full course load 3 to 8.
Global Search search box search button. Gross family income as well as student resources and assets are taken into consideration. Part-time Students You are considered a part-time student if you are: Registered in 20 to 59 per cent of a full course load 3 to 8.
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