OSAP Timelines and Planning Tools for Students

The modernization of OSAP is making post secondary education more affordable for students in Ontario, especially those from low- and middle-income families. We want to make sure that you are aware of the changes, how they benefit students and families, and that you share this information with your school.

  1. The OSAP application: now integrated with the Ontario University Application Centre (OUAC) and the Ontario College Application Service (OCAS)

The Ministry encourages students to apply early for funding from OSAP to take full advantage of the benefits available with the changes.

The OSAP application launched in November 2017 for the 2018-19 school year, to allow for the OSAP application to be integrated with applications for college or university through OCAS and OUAC. First-year students applying for postsecondary education through OCAS and OUAC can apply for OSAP directly from their postsecondary application. A student’s personal and program information is automatically populated when applying this way.

  1. Net tuition/net billing: A new system for planning and paying

New this year! After a student has applied for OSAP they have access to a funding comparison chart through their OSAP account. The chart allows students to compare tuition costs of the programs and schools they’ve applied to, factoring in any applicable institution-based scholarships and bursaries, their OSAP funding, as well as their net cost of tuition. As more information becomes available, the comparison chart is updated in real time, giving students an accurate picture of their out-of-pocket tuition costs.

The comparison chart is a key new benefit of the new OSAP. It helps students and families have better, more accurate indication of the real costs associated with a postsecondary education – so they can plan better.

And, starting this fall, students will receive a net bill from their college or university where they are billed only for the amount they owe after their OSAP grants and loan have been applied.

Another reason to apply early for OSAP! Net tuition billing is only available to students who have applied, submitted all necessary documentation and have had their OSAP application approved before school begins.

  1. Additional funding through OSAP

Some students who have already applied for OSAP for 2018-19 may find – as they regularly log in and check their OSAP account status – that they will receive more OSAP than originally estimated. That’s because the amount that parents are expected to contribute to their children’s educational costs has decreased. This means that many middle-income students will qualify for more OSAP assistance. For example, a dependent student graduating from high school and pursuing an arts and science degree, whose parents have a combined income of $90,000 per year could receive an additional $2,900 in OSAP assistance (both loan and grants) because of these changes.

  1. Getting more information about OSAP

The bottom line…make sure students know to:

  • Apply as soon as possible for OSAP so all the information required is processed efficiently
  • Log in regularly to get the most current OSAP assistance information; the amount may increase from the original estimate
  • Expect, in fall 2018, that students will receive a net bill for the actual amount they have to pay