Osap.gov.on.ca Sign In: OSAP Application Deadline 2018-2019
Ontario Students Assistance Program Aid Estimator (OSAP Login): What Should You Know: The OSAP aid is government of Canada funded grant and loan provision for students in need of financial support to meet expenses on education in schools, colleges and even higher studies. The students receive the aid in the form of loan or grants. Let’s check OSAP application deadline 2018-2019. These loans generally have very low interest rates alongside allowing the flexibility to repay the amount in small parts. The student applying for the OSAP financial aid will be allotted the money only if the concerned applicant meets the necessary provisions as a qualifying recipient. Herein is a concise summary of the important facts that you should know about Osap.gov.on.ca Sign In and OSAP aid estimator.
How to Use the OSAP Aid Estimator
Before applying for the loan, it is good to use the OSAP login online aid estimator to get an idea of the amount you can get as the grant or loan. It should not take more than 10-15 minutes to find the loan amount you are eligible to receive from Ontario Students Assistance Program Aid Estimator. When you reach the www.osap.gov.on.ca government website, the aid estimator tool will ask you to furnish the following details for the calculation:
- Education program you wish to seek admission
- Name of the post secondary School, College or University
- Estimated expense on school and tuition fees, books etc
- Estimated amount, you are capable of earning during the education program
- Family income details (depending on the other details, the tool may prompt you fill this information)
The family income details include parents or spouse of the student who may be bearing the cost of the education.
1. Check for OSAP Eligibility
To begin with, you must check if you meet the OSAP eligibility criteria. Some basic eligibility conditions include:
- Student must enroll for full-time education program
- Must be resident of Ontario for a minimum period of 12 months (the applicant must not have attended any postsecondary school course during this period)
- The desired course must be OSAP approved program
To Get the OSAP Fund/Loan the Applicant Must Be
- Citizen of Canada
- Possess the permanent resident status or
- Any protected person
Note: The OSAP funding facility is a government aid available to students with very high merit belonging to families with low income/ poor financial status.
In order to keep receiving their aid during the entire course program, the student must score very high grades in the running academic sessions.
Students who have previously taken the OSAP loan are not allowed to apply again for the loan or grant.
If the student shifts to a part-time course during the current academic session or withdraws out of the course, the Ontario Students Assistance Program authorities will take action to stop providing the funding to the course program.
Benefits for the Students Covered by the OSAP Loan
- Some eligible candidates can receive free tuition facilities- up to $1900 Ontario Tuition Grant (OTG) per academic session.
- If you are receiving the money in form of grant, there is no need to repay the amount as in the case of loan borrowers
- Qualifying students with kids even get aid for child care
- Get money to cover expenses on books, equipments and other requirements
Summing it up,
OSAP Login and OSAP aid estimator is an online tool to calculate how much money a student loan applicant can receive based on the parameters mentioned above. Fill in all the details correctly to ensure that you get the accurate loan amount estimate after calculating. This helps you to plan your budget and manage funds to spend on the educational expenses. OSAP financial aid program is accessible online allowing the applicants to calculate the loan amount, apply for the program, check application status, receive the education funds, repay the loan amount etc.
More Related Queries:
- Osap.gov.on.ca Sign In/ Check Eligibility/ interest rate
- National Student Loans Service Centre/ NSLSC Login
- OSAP Application Deadline 2018/2019/ Dates