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OSAP

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									     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’tlie to OSAP.
 Penalties range from holding back
 future loans to cutting you off from
 OSAP for 5 years.
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.
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.
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
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
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.
7. York and OSAP do not
run on the same computer
systems

 TheOSAP 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.
8. OSAP is fussy
   every document you submit, you
 On
 must put:
    your social insurance number,
   your name

   the date

   your signature.
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
10. OSAP is NOT forgiving
 IfOSAP 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.
Most common OSAP
problems
 Wrong  course load
 Wrong income
 Supporting documents not sent in
 Signature on loan does not match SIN
  card
 Lost documents
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
   QUESTIONS?
Student Financial Services
C138 York Hall
finance@glendon.yorku.ca
416-487-6701
Monday to Friday 9-4
(We close for lunch 12-1)
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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