Please be advised that multiple changes have been made to the OSAP program as of the beginning of the 2019-2020 academic year. Below, you will find information as to how the changes will impact students.
Weekly maximum increase
The maximum weekly amount for a single student will increase to $400 per week. The weekly maximum for married/common-law and sole support parents will increase to $680 per week.
Ontario Student Grant
The non-need based portion of the Ontario Student Grant (OSG) will be eliminated. The family income threshold for the need-based OSG will also be reduced. This supports the Ontario government’s effort to provide grants to those students who demonstrate the greatest financial need.
Ontario component of OSAP Loan (Ontario Student Loan)
In addition to the federal component of OSAP loans, Ontario will meet a student’s assessed provincial need by providing a provincial loan component to low-income students, increasing the loan to grant ratio of the Ontario student loan as family income increases.
Definition of an “Independent” student
The definition of an “independent” student will change for the Ontario component of OSAP assistance. A student will need to be out of high school six years to be considered independent for the Ontario portion of OSAP. Students who received OSAP funding in 2018-2019 as an independent student will continue to be assessed as an independent student. The federal component of OSAP will retain the current definition for independent status i.e., four-years out of high school.
Expected Parental Contribution
The calculation of the parental contribution in the Ontario need-assessment has been increase to the 2017-2018 parental contribution rates.
Student Fixed Contribution
The expected fixed contribution from students in the Ontario need-assessment will be increased to reflect the minimum wage increase.
In 2019-2020 the OSAP assessment will only include the mandatory compulsory and association fees. Optional fees cannot be included in the OSAP assessment.
Six-Month Grace Period
Students are not required to make any payments during this six-month grace period. To date, during the six-month grace period the federal component of OSAP loans have accrued interest, while the OSAP component of OSAP loans have remained interest free. To align Ontario’s repayment terms with the federal government, the Ontario component of OSAP loans will now accrue interest during the six-month grace period (as do the federal component of OSAP loans currently) (see “Affordability of Postsecondary Education in Ontario”).