Release of OSAP Funds
Our goal is to ensure your OSAP funding arrives within the first few days of classes. To receive your OSAP funding you must be registered as a student and have a complete OSAP application. Make sure your deposit is paid on time and that you are registered in your program. Also check the OSAP website to make sure there are no outstanding document requirements on your account.
Confirmation of enrolment
If there are no items outstanding and the status on your OSAP account reads 'Confirmation of Enrolment' that means that OSAP is waiting for the college to confirm your enrolment. This is an electronic process; no further action is required from you. The confirmation of enrolment process starts about a week before the beginning of each term. After your confirmation is complete, the National Student Loan Service Centre releases the funding within five to 10 business days.
Release of OSAP funds and remitting fees
Please monitor your student account in the Student Portal via the 'Financial' tab. You can view the amount of OSAP available to pay your fees on your Student Portal. You can view your OSAP funding amounts on the OSAP website. If the amount of OSAP in the Student Portal does not seem correct, please email email@example.com.
OSAP will automatically remit fees to the college when we confirm your enrolment. The funds can take about two weeks to appear on your student account.
Grant only funding: Your Student Portal shows the total amount of OSAP available to pay your fees. If you select to receive only the grant portion of your OSAP funding, then you are responsible for calculating the difference and paying the amount owing before the due date. If you do not pay the difference by the due date, you will be subject to a late fee.
If you have more OSAP funding than is required to pay your fees, the remainder will go directly to your bank account. You should receive your funding at about the same time the college receives the money to pay your fees. You may see different amounts deposited on different days because loans and grants often come in separate installments.
Your fees will not be paid if your OSAP is not finalized, so make sure you have completed all the steps and submitted all your documentation on time. We recommend you complete the OSAP application and submit all documentation at least six to eight weeks before the start of your study period. If your OSAP assessment is not enough to cover all your fees, then you must make sure that you pay the difference by the fee due date. If the full amount of your fees are not paid by the due date, you will be assessed a late fee. Visit the Fees & Payment website for payment deadlines.