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What else can I help you with?
Hi all I was wondering if financing a car will affect my ability to get a student loan from osap If it helps the car is valued at 20k?
Financing a car can impact your ability to get a student loan from OSAP, but it largely depends on your overall financial situation. Lenders consider your debt-to-income ratio, so if your car loan significantly affects your monthly expenses, it may influence your eligibility. However, OSAP primarily assesses your income and financial need, so as long as you meet their criteria, the car financing alone shouldn't disqualify you. It's best to review your complete financial picture and consult with OSAP directly for tailored advice.
Where can one find a student loan repayment calculator?
Student Loan repayment calculators can be found on CanLearn, OSAP, FinAid, Planning Your Future, UBC, AVED, Easy Calculation and Complete University Guide.
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.
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.
Is Osap a regulatory or advisory agency?
Regulatory
What does OSAP stand for?
Ontario Student Assistance Program
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.
Hi all I was wondering if financing a car will affect my ability to get a student loan from osap If it helps the car is valued at 20k?
Financing a car can impact your ability to get a student loan from OSAP, but it largely depends on your overall financial situation. Lenders consider your debt-to-income ratio, so if your car loan significantly affects your monthly expenses, it may influence your eligibility. However, OSAP primarily assesses your income and financial need, so as long as you meet their criteria, the car financing alone shouldn't disqualify you. It's best to review your complete financial picture and consult with OSAP directly for tailored advice.
What is the maximum amount of osap assistance you can receive?
The maximum amount of OSAP assistance you can receive depends on various factors, including your level of financial need, tuition costs, and other sources of funding. It is calculated based on a formula that takes into account these factors, so the maximum amount varies from student to student.
What is the advantage and disadvantage of OSAP?
Advantages Helps pay for tuition, book and school Disadvantages u have 2 pay it back
Who is brand ambassador of dove osap?
As of my last update in October 2023, the brand ambassador for Dove's "Osap" campaign is not specifically documented. However, Dove frequently collaborates with various celebrities and influencers who align with its message of beauty and self-acceptance. For the most current information, I recommend checking Dove's official website or their social media platforms.
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...
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.
