OSAP 101

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OSAP 101

• 10 Things you NEED to know

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Havent applied? Its not too late!
OSAP 101

• http//osap.gov.on.ca Grants Bursaries Loa
  ns

The sooner you apply, the better!
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1. Dont bite the hand that feeds you

• Dont lie to OSAP.
• Penalties range from holding back future loans
  to cutting you off from OSAP for 5 years.

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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.

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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 doesnt arrive, come see
  us.

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4 Know the players

• The OSAP head office is in Thunder Bay but they
  dont 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

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5. We need your I.D.

• Always have your social insurance card and photo
  ID (i.e. drivers 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

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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 cant talk about specifics over the telephone.
  Come see us in person with ID.

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7. York and OSAP do not run on the same computer
systems

• The OSAP 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.

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8. OSAP is fussy

• On every document you submit, you must put
• your social insurance number,
• your name
• the date
• your signature.

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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

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10. OSAP is NOT forgiving

• If OSAP 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.

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Most common OSAP problems

• Wrong course load
• Wrong income
• Supporting documents not sent in
• Signature on loan does not match SIN card
• Lost documents

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Dont 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

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QUESTIONS?

• Student Financial ServicesC138 York
  Hallfinance_at_glendon.yorku.ca416-487-6701
• Monday to Friday 9-4 (We close for lunch 12-1)

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• OSAP Life Cycle
•  
• Septemberyou 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