A: In Ontario, potential employers determine whether a candidate's academic credentials meet the requirements of the advertised position. Students are always encouraged to check with employers and other educational institutions to determine if they recognize a particular PCC and the courses offered.
A: You have a six-month grace period before you are required to make any loan payments on either your OSAP or your Canada Student Loan. No interest will accrue on the Ontario portion of your student loan during the grace period, however, interest on the federal portion of your student loan will start to accrue during this six-month period. Any voluntary payments during the grace period will be applied against your outstanding loan principle.
A: For single students, OSAP allows you to own a car "book valued" at up to $5,000 without your OSAP assistance being affected. A car worth more than $5,000 is considered an asset that could contribute to your education costs. Married and sole-support parents are allowed a car valued at up to $10,000.
A: By submitting your application sooner, you and your parents can get an estimate on how much assistance you can expect and what information is required to complete the OSAP application process before you have actually been accepted or made the decision as to what institution you will choose.
Students who learn that they are accepted in February or begin receiving conditional acceptance in March from institutions can now begin the process earlier and have an easier time planning.
A: The mobile app lets students who have already applied for OSAP quickly and easily check the status of their applications, anywhere or anytime. This means that students will no longer have to go online from home or call their institution's student financial aid office to find out where their application is in the process, how much assistance they will be getting and when they will receive it.