Ontario Student Aid: Funds Reassessment



If you change your course load (e.g. drop a course) or any information on your application changes, your application will be reassessed. 

Contact your financial aid office when there is a change. [Don't we inform them? Only the student?]

Grants may be converted into a loan if:

  • you withdraw from studies or stop taking the minimum course load within the first 30 days of starting school
  • at the end of the study period, as a result of an OSAP reassessment, you're not entitled to all or part of the grant that you received (e.g., dropped courses, unreported income)
  • the income reported in connection to your application can't be verified within one year from the start of your studies (Ontario Student Grant only) [what else is there? Are there any other grants?]

                               

If your grant is converted into a loan, it's added to your loan balance and included in the calculation of your monthly loan payment you'll make once you've left school.

 

For more information about the terms and conditions of your OSAP grants, check your OSAP application, consents, declarations and signatures pages, as well as your Master Student Financial Assistance Agreement.​

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