I have been accepted! Now how do I pay for school?

The Ontario Student Assistance Program (OSAP) gives you both Grants and Loans to go to school.  You only start to pay the loan portion back six months after you are no longer enrolled in a full time program at a college or university:

Currently there are special considerations given to Crown Wards and former Crown Wards:

How does OSAP Work?

  • Tuition is paid directly to the college or university
  • You need to pay a deposit (normally $500) in the late spring to hold your spot
  • OSAP goes directly to the college or university to pay for Tuition and Student Fees. The rest is deposited in your bank account.  In the second term, OSAP pays the college or university again.  A second (smaller) amount is deposited to your bank account.

I received a lot of money.  Do I need to pay it all back?

  • The portion that is “Grant” does not need to be paid back. The part that is “Loan” needs to be paid back six months after you stop attending full time.
  • If you decide to leave a program and take time off be sure to talk to Financial Services at your school so that you are not penalized. Those who just stop attending must pay their loan back and cannot apply for OSAP for another 12 months.

Looking for ideas on how to handle your finances?  Try this resource:


Your local Mentor/ Facilitator can help!