What else should I know about OSAP?

 


Are you Required to Re-Apply (RRA) to your program?

If your academic standing is Required to Re-apply, please drop by or contact the Financial Aid Office so we can ensure your OSAP file is up-to-date.

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Are you returning to full-time studies in 2018-2019 with a 2017-2018 OSAP application? 

Login to ontario.ca/osap to reapply and confirm the profile information including name, date of birth, SIN, address, consent to release information etc. (or follow the steps if changes are needed). Next you'll complete the application questions and submit the application. After submitting your OSAP application any documentation you're required to submit will be listed (it's possible you might not have any documents to submit if your information is pulled forward from your 2015-16 OSAP application and you didn't have any changes).

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Do I need Identification for Financial Aid Services?

You must bring your FANCard (Fanshawe College student ID) or other valid government issued photo ID for services provided in the Financial Aid Office.

NOTICE: We will also need to see proof of your Social Insurance Number (SIN) and valid Canadian, provincial or territorial government issued photo ID for the following three services:

  • Retrieving OSAP Access Numbers (OAN) and resetting passwords
  • Releasing Part-time OSAP documents
  • Validating the temporary SIN of protected person

Acceptable proof of SIN:

  • SIN Card
  • Confirmation of Social Insurance Number from Service Canada
  • a Government of Canada document that contains your complete SIN

Acceptable Government issued photo ID includes:

  • Valid photo ID issued by the Government of Canada (e.g., passport, Permanent Resident card)
  • Valid photo ID issued by any Canadian provincial or territorial government (e.g., driver's licence)

How do I replace missing or lost identification? Contact Service Ontario or Service Canada.

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Income Tax Information for Students
If you were a student during the year, click here for the Canada Revenue Agency (CRA) pamplet "Students and Income Tax" for helpful information about filing your income tax return.

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What are the course load requirements?
Canada and Ontario Student Loans Programs Students must be enrolled in courses that constitute not less than 60% of a full course load for each period of study. Averaging of course loads is not permitted. Permanently disabled students require 40% of a full course load requirement. Part-time Canada Student Loans Program Students must be enrolled in a program or courses of study that equates to between 20% and 59% of a full course load. No averaging of course loads is permitted. For permanently disabled students, between 20% and 39% course load is required. Under this program, only costs that relate to education are considered and students must make monthly interest payments on the loan balance.

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Are there satisfactory academic progress requirements?
A student must maintain satisfactory academic progress requirements to continue to be eligible for OSAP funding. Currently the standard required is successful completion of at least 60% of a full course load at a post-secondary level. If a student does not maintain this requirement, there will be specific consequences and remedies applied against access to future OSAP funding.
Note: For students with a permanent disability, satisfactory academic progress requirement is defined as successful completion of 40% of a full course load.

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Your non-refundable deposit has been made and you are registered as a full-time student.
A deposit is required by the Registrar's Office by the due date as noted on your fee invoice. Plan to cover this expense yourself as OSAP funding is not available until September.

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Plan how you're going to purchase any necessary books or supplies.
OSAP funds are deposited into your bank account approximately 5 to 10 business days after your classes start so you will need to budget for your immediate expenses. Check out Fanshawe's Retail Services Course Material page.

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What is a Release of Information?
The information in your OSAP and other financial assistance files is confidential to you. The Freedom of Information and Protection of Privacy Act does not permit the College to release information about your OSAP application to any other non-designated individual(s). If you wish someone else, such as your parent(s), to discuss information in your OSAP file, you must have signed the Release of Information section on your OSAP application, or a Release of Information form available from the Registrar or Financial Aid Information Centre. There must be a viable relationship between you and the other party for the release request to be considered. Once this Release of Information is on file, our staff will be able to discuss your OSAP information with the person(s) listed.

How to grant consent: Fill out the "Release of Information to Others" section in your profile on the OSAP website with the information of the person who will have access to your information. The consent gives this person access to all information in your OSAP file for a five year period. 
Update consent information: To update consent information at any time, log in and update the consent information through "Release of Information to Others" on the left navigation bar. 

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OSAP Students with Disabilities.
If you have a permanent disability, you could be eligible for full-time OSAP funding if you're studying at 40% or more of a full course load. To be considered for this benefit, you must self-identify as having a permanent disability when applying for OSAP. Here's how:

  1. Apply for OSAP and be eligible for OSAP funding (submit all required documents)
  2. If required, complete the new OSAP Disability Verification Form available under Required Documents when your self-identify as a student with a permanent disability and return to the Financial Aid Office or upload on your OSAP application
  3. Follow up with the application for the Bursary for Students with Disabilities (BSWD) and Canada Student Grant for Services and Equipment for Persons with Permanent Disabilities (CSG-PDSE), available mid to late June.
    Click here to search and download forms for the BSWD and CSG-PDSE on the OSAP website.
  4. Complete the Early ID Form: https://www.fanshawec.ca/student-life/student-services/accessibility/early-identification or contact Accessibility Services at (519) 452-4282 as early as possible. Early identification ensures consideration for the Bursary for Students With Disabilities (BSWD) and other services offered by the Accessibility Services.

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What can I expect the Ontario Student Assistance Program (OSAP) to pay for?
OSAP is a supplement, not a replacement, of the student and family resources that should be available to meet post-secondary education. The need for OSAP assistance, and the value of such, are established in accordance with the current OSAP regulations and financial data provided on the application form.

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What are the application deadlines for Canada Student Loans and Ontario Student Loans?
Applications must be submitted within 60 days of the end of the final examination period. All required supporting documentation must be submitted 40 days before the end of the student's current study period. 

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What if I don't feel my OSAP assessment is fair?...Loan Assistance Review
Standard assessment criteria are initially used to determine your financial need and the amount of Canada and Ontario Student loan assistance available to you. In some cases, the standard criteria may not adequately reflect an exceptional financial or family situation. There are some avenues for review available to address specific situations. Further information on related reviews and required documentation is available from staff in the Financial Aid Office. Deadline for submitting a review is 40 days before the end of the student's current study period.

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How do I change information or withdraw from study?
You must keep your OSAP file current and up-to-date. Any change in program of study, courses, course load, registration status, etc. must be reported to the Financial Aid Office. If you stop attending all classes, you are considered to have withdrawn under current OSAP regulations. If you stop attending classes, handing in assignments, writing tests, etc. for progression through a course(s), your OSAP course load will be recalculated based on this information and your eligibility for assistance may be affected. The Financial Aid Office also needs to be notified of any change in marital status or financial information. Reassessment calculations can take time, so inform us of any changes as early as possible. Click for information about withdrawing from Fanshawe.

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What is a "loan overpayment"?  
An OSAP "loan overpayment" is the amount of loan assistance issued to a student in excess of what the student was actually entitled to receive. Overpayments may occur as a result of an increase in a student's resources, early withdrawal from full-time enrollment, a course load dropping to less than 60% of a full course load , 40% for students with permanent disabilities, or the Ministry's income verification process. Unless repaid, you may not be eligible to receive further assistance.

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How do I maintain interest free status for Canada and Ontario Student Loans?
You are responsible for maintaining your loans in good standing with your lender(s). Each semester that you do not negotiate additional student loans while a full-time student or on an authorized co-op term, you must submit a Continuation of Interest-Free Status (Schedule 2) form to your financial aid office. This information is entered electronically to advise your lenders (bank and/or the National Student Loan Service Centre) of your student status. Your lenders have no obligation to continually remind you of this responsibility.

Apply online by logging into your OSAP account at www.ontario.ca/osap.

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What about co-op students on work term?
Students in cooperative programs requiring work terms are considered to be full-time students under OSAP during their work term, provided the work terms constitute, or are equivalent to, an essential element of a program of studies and the student is employed in a position recognized by the college's co-op department. Dependent upon the student's individual circumstances, both Canada Student Loan and Ontario Student Loan assistance may be available. This definition also includes interest free status on previous full-time OSAP loans. Specific authorization forms must be submitted for the latter.  For more information, please refer to our list of frequently asked questions about OSAP - Continuation of Interest Free Status for co-op students.

Apply online by logging into your OSAP account at www.ontario.ca/osap

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How long can I get OSAP?
For each program of study, students are eligible for OSAP for the number of periods of study normally specified by the institution for completion of that program, plus one additional period. (Period of study is currently defined as one academic year.) Periods of study that the student did not apply for or receive OSAP assistance are not included in this formula. There are also maximum lifetime limits for receiving Canada Student Loan and Ontario Student Loan funding.
Note: Students with a permanent disability are exempt from this "period of study +1" policy.

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Repayment Information (Do not default on your OSAP loans!!!)
The National Student Loan Service Centre (NSLSC) is providing Repayment Webinars to help students understand the options for repaying their student loan. We encourage you to look at the following dates to see which webinar best works for your schedule. These presentations are approximately one hour in length. To register, click on the relevant link provided below, choose the time and date that works best for you.  You will then receive an e-mail confirmation with the webinar login information.

Go to the Government of Canada's Student Financial Assistance webpage to learn more about loan repayment or contact the National Student Loan Centre at 1-888-815-4514, TTY:1-888-815-4556.

 

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Questions?

Contact the Finanical Aid Office with any question about OSAP.

Websites of Interest :

fanshawec.ca/financial

Government of Canada's Student Financial Assistance

yconic.com

scholarshipscanada.com

 

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