0
What is the maximum amount of osap assistance you can receive?
Wiki User
∙ 14y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What does OSAP stand for?
Ontario Student Assistance Program
What does the OSAP gov on Ca mean?
OSAP gov on Ca means Ontario Student Assistance Program. OSAP supplies students with information about post-secondary school funding options and online applications.
Can a criminal receive OSAP in Canada?
Criminal records are not taken into consideration. If you are currently in jail, then you cannot apply for an OSAP loan, OSAP pretty much presumes you can leave and go to classes. However criminal records will not bar you from receiving them, as long as the crime did not involve defrauding the OSAP program.
How do I get a high school senior scholarship?
When I was in school at both the University of Toronto and Ryerson, I didn't receive a cent of scholarship money. I did receive an honorarium for being president of the student residence council at U of T Scarborough. And I did receive some money from the Millennium Scholarship Fund, but that was more loan relief than a scholarship - I had to be in debt to get the money, and it was applied directly to my OSAP debt. While it was nice to have less OSAP to pay back, having some actual cash would have been nice too.
Is Osap a regulatory or advisory agency?
Regulatory
Where can one learn about student loan programs?
One may learn about student loan programs from a variety of different places. OSAP is a student loan program for residents of Ontario. Information for OSAP can be found on the OSAP website. Additionally, one could visit their bank for more information.
What is osap?
"OSAP" is a commonly used abbreviation in the military, though less known in civilian circles. It stands for "on standing active patrol," and is used to describe watch duties for ships in port.
Do RRSP affect OSAP grants?
If you are referring to parents contributing to their own RRSP`s, I have a shocking answer for you: Osap calculates parents net income by deducting from gross income the CPP, UI and taxes paid. By contributing too RRSP, the parents reduce their tax payable. This results in higher income for OSAP purposes, and reduces your osap entitlement. It can also reduce the non-repayable grants associated with OSAP. Typically the claw-back could be 15-30% of the tax saving due to the RRSPcontribution...For RRSP of the student:a) Single dependent/independent and sole support studentsStep 1: Assess 100% of the reported value of all RRSPs declared in Item 660 which are registered to the student. Do not include the value of RRSPs mandatorily "locked" in under the Canada Pension Plan Act. (See Definitions and Context)Step 2: Deduct from the amount in Step 1 $2,000 for each 12 month period that the student has been out of secondary school (Item 175 of the OSAP application)b) Married students and Students in Common law/Same-sex Relationships(i) One spouse is a studentStep 1: Assess 100% of the reported value of all RRSPs declared in Item 660. Do not include the value of RRSPs mandatorily "locked" in under the Canada Pension Plan Act. (See Definitions and Context)Step 2: Deduct from the amount in Step 1 $2,000 for each 12 month period the student has been out of secondary school (Item 175) and deduct $2,000 for each 12 month period the spouse has been out of secondary school (Item 945).Multiply the result by 50% to get the assessed RRSP contribution: This is the amount that will be deducted from your financial need for OSAP calculations.It seems that it would be wise to realy withdraw the money and use it, otherwise you loose part of OSAP every year, because you still have RRSP...
What is the cheapest career development loan?
The cheapest career development loan available in Canada is called OSAP. It stands for Ontario Student Assistance Program and is offered by the Government of Canada to eligible students entering college or university. These funds are free. Another form of funding would be to earn a scholarship.
What is the advantage and disadvantage of OSAP?
Advantages Helps pay for tuition, book and school Disadvantages u have 2 pay it back
Osap loan from mississauga at national academy of health and business?
I know that the national academy of health & business does offer osap loans. the team is very nice and they help you as much as you need. they have been around since 1979 and really know what they're doing! their number is 905 273 6656 or go to the website (which isn't very helpful - they need to update it: www.nahb.ca). the school is great! all the admissions staff, the instructors, everyone. btw, osap is a great program offered by the government. i didn't know this before i applied, but usually most of the money they give you for your tuition and living expenses is a government grant, not a loan. hope that helps.
When where and who do you pay your OSAP loan to?
Read the loan documents you signed when you loan was approved. If you don't have a copy , get one from you school's Financial Aid office. Not all loans have the same terms.
