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OSAP 101

OSAP 101. 10 Things you NEED to know . OSAP 101. Haven’t applied? It’s not too late!. http://osap.gov.on.ca Grants Bursaries Loans. The sooner you apply, the better!. 1. Don’t bite the hand that feeds you. Don’t lie to OSAP.

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OSAP 101

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  1. OSAP 101 10 Things you NEED to know

  2. OSAP 101 Haven’t applied? It’s not too late! http://osap.gov.on.ca Grants Bursaries Loans The sooner you apply, the better!

  3. 1. Don’t bite the hand that feeds you • Don’t lie to OSAP. • Penalties range from holding back future loans to cutting you off from OSAP for 5 years.

  4. 2. OSAP is a year-long affair, NOT just a one day event • During the year, always tell OSAP any changes to your financial/academic life, if you move, etc. • The assessment (ie amount of $ OSAP is going to lend you) that you receive at the beginning of the year can change if your situation changes.

  5. 3: OSAP is distributed twice a year • September: 60% of your loan/grant. • Check the Document Tracker, then bring your SIN card & photo ID to Financial Services to pick it up. • Then take it for processing to the NSLC rep in the hall (1st two weeks of school) or a Canada Post (DO NOT mail it anywhere!). You may need your bank account info – bring it with you. • January: the rest of your loan/grant. • If there are no problems, it will be mailed to you over the break. • If you are receiving a grant, come to pick it up at our office. • If your 2nd instalment doesn’t arrive, come see us.

  6. 4: Know the players • The OSAP head office is in Thunder Bay but they don’t deal with students directly. • Staff at Glendon (and York) help administer OSAP (once you submit your application, you deal with us). • The National Student Loan Center (NSLC) – think of them as the OSAP bank – actually puts your money in your bank account

  7. 5. We need your I.D. • Always have your social insurance card and photo ID (i.e. driver’s license, passport,) available when asking OSAP related questions and especially when you are picking up loan documents. YU Cards can not be shown as ID for OSAP • NO EXCEPTIONS! • No SIN card & photo ID = NO OSAP

  8. 6. Access 24/7 online • We are always happy to see you, but you can access most of your osap information online at http://osap.gov.on.ca • Please note that with Freedom of Information legislation we cannot discuss your OSAP with anyone (including your parents) unless you gave us permission on your application. • We can’t talk about specifics over the telephone. Come see us in person with ID.

  9. 7. York and OSAP do not run on the same computer systems • The OSAP website and the York website are two different sites so if you move and need to update your address, you have to do it on the York website AND on the OSAP website.

  10. 8. OSAP is fussy • On every document you submit, you must put: • your social insurance number, • your name • the date • your signature.

  11. 9. OSAP is sloooooooooow • OSAP is a slow process. About 10,000 students at York benefit from OSAP. • It can take 4 - 6 weeks to make a change to your file. • Hand in your forms on time and prepare to be patient

  12. 10. OSAP is NOT forgiving • If OSAP asks for a form to be handed in by a certain date and you are late handing it in, OSAP will not make any exceptions and accept it. • Always return correspondence promptly so we can help you get your loans quickly.

  13. Most common OSAP problems • Wrong course load • Wrong income • Supporting documents not sent in • Signature on loan does not match SIN card • Lost documents

  14. Don’t forget the SFP! • Since you applied for OSAP, you could be eligible for FREE MONEY (aka bursaries) from York and the Friends of Glendon • Fill out your Student Financial Profile online: http://www.yorku.ca/osfs/sfp

  15. QUESTIONS? Student Financial ServicesC138 York Hallfinance@glendon.yorku.ca416-487-6701 Monday to Friday 9-4 (We close for lunch 12-1)

  16. OSAP Life Cycle September—you pick up your loan/grant document at Glendon ▼ You take the loan/grant document to a participating post office ▼ The post office delivers your paperwork to the National Student Loan Center (NSLC) ▼ The NSLC puts $ into your bank and gives remit ($ to pay your student account) to York ▼ During the fall : review your course load (did you add or drop?) any $$ changes? (Did you get a part time job? Lose a job? Get a scholarship?) and make any changes to OSAP via our office ▼ Late December York mails you your second loan document* ▼ You take the loan document to a participating post office ▼ The post office delivers your loan to the National Student Loan Center ▼ The NSLC puts $ into your bank account and gives remit ($ to pay your student account) to York ▼ During winter term : review your course load (Did you add or drop?) and finances (Did you get a part time job? Lose a job? Get a scholarship?) and make any changes to OSAP *If you receive a Canadian Millenium Bursary or an Access Grant you have to pick it up in January at Glendon, it will probably not be mailed to you.

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