Canadian citizens and permanent residents may apply for government-sponsored financial assistance to help with tuition fees, books and living expenses during the academic year. The program for Ontario residents is known as the Ontario Student Assistance Program (OSAP).
The basic premise of OSAP is that the responsibility for funding a student’s education rests primarily with the student and his/her family. Inherent in this premise is the expectation that plans be in place to make adequate preparations to meet the student’s upcoming financial needs.
Ontario residents should apply online at ontario.ca/osap. The application will then be downloaded to the institution you plan to attend.
Out-of-province residents may make an application for financial assistance to the appropriate government department of their home province. The address can be obtained from the financial aid office at the university or college in their home area or from the Loyalist College Financial Assistance Office at 613-969-1913, ext. 2425 or 2226.
Loans from OSAP are not available before the start of classes, so students are expected to pay deferral fees from their own resources.
For OSAP purposes, a student must maintain a minimum satisfactory scholastic standard (2.0 average per semester). Students that fail one semester will be placed on academic probation. A second failed semester could result in the denial of further OSAP funding.
OSAP Facts for the 2017 – 18 academic year
For information about how OSAP is changing for the 2017 – 18 academic year and how to apply, please click here.
The Ontario government introduced OSAP Express for full-time college and university students seeking help from the Ontario Student Assistance Program (OSAP). The streamlined process:
- Requires a student to sign a loan agreement only once throughout their entire post-secondary studies
- Speeds up the enrolment verification process and direct deposit options
- Means no more line-ups to complete the process
Please note, receipt of OSAP funding may take up to two weeks after the start of classes. If you have any questions about the process or your file, please come to the Financial Assistance Office in Room 2H1.
Student Loan Repayment Webinar
Please click on the link below to watch an on-demand webinar from the National Student Loans Service Centre (NSLSC). Questions addressed include the following:
- What are the benefits of government-sponsored student loans?
- What is a non-repayment period?
- What is a consolidation letter?
- How can you save money?
- How can you avoid repayment difficulties?
- How can you maintain your student loan?
Financial Assistance Office
613-969-1913, ext. 2425
Financial Assistance Office
613-969-1913, ext. 2226