OSAP Frequently Asked Questions

How Is My OSAP Funding Calculated?

The amount of funding you receive from OSAP is calculated using the following formula:

Allowable Educational Costs - Expected Contribution = OSAP funding

  • Allowable educational costs include tuition fees, books, personal and living allowances
  • Expected contributions are based on your income, some assets and in certain situations your family's income
Is My Family Expected To Contribute?

OSAP funding is based on your parents' income, unless one of the following applies to you:

  • You have not been a full-time student at a high school or post secondary institution for at least 12 months in a row on 2 or more occasions (without providing your parents' income, you would only be entitled to a Canada Student Loan which is 60% of OSAP funding);
  • You have been out of high school for at least 4 years;
  • You have dependent children living with you;
  • You are separated, divorced or widowed;
  • You are married (your spouse's income, vehicles, bank balance, GIC's, Mutual Funds and RRSP's are used in calculating the amount of OSAP you receive).
How Much Osap Assistance Is Available?

60% of OSAP funding comes from the Federal Government in the form of a Canada Student Loan (CSL) and 40% comes from the Provincial Government, as an Ontario Student Loan (OSL). Your funding is always released to you in two installments, at the beginning of your first semester and at the beginning of your second semester. If you are studying in a one semester program, your loans will be released 60% and 40% as well, with your second portion released midway through your semester.

What Happens If I Apply After My Classes Begin?

If you apply 45 days after your classes begin, you will be assessed as late, and will be assessed from the date the application and not from the beginning of classes. In order to be assessed for OSAP funding, you must apply 90 days before the end of your study period, or if you're in a one semester program you must apply within the first month of classes.

What Happens When I Apply Over The Internet?

After you have submitted your on-line application over the internet, the ministry will send you the "Consents and Declarations" signature sheets. Along with these signature sheets you will receive notification of any supporting documentation that must be submitted as well. The signature sheet, and any supporting documentation, must be mailed to the Financial Aid Office at the school you plan to attend.

DO NOT send your signature sheets and supporting documentation to the Student Support Branch in Thunder Bay.

What Happens After I Apply?

Once the application or signature sheets have been processed by the school that you'll be attending, the Ministry will send you a "Student Information Document" by mail (approximately 4 weeks after applying), to the address you provided on your application. You can check your funding entitlement by looking on the OSAP web site (don't forget to write down your OSAP PIN number that you create when you apply, because you'll need it to check on-line).

What If I Can't Remember My OSAP Pin Number Or I Have Been Denied Access To My On-Line Information?

Our Financial Aid Office does not keep track of student's PIN numbers. It is your responsibility to remember this number. If you have forgotten your number, you will need to come to our Financial Aid Office with 1 piece of photo I.D and your Social Insurance Card to have your PIN number reset. If you have been denied access to your on-line info, you will have to wait 24 hours until you can try to retrieve your information again.

How Do I Get My OSAP?

New for the 2012-13 Academic year, students will receive their OSAP funds through direct deposit.

Approximately 10 calendar days prior to the beginning of classes and forward, OSAP applications that are complete and approved for funding will be eligible for processing and deposit of funds. Fleming College will confirm with the ministry, the enrolment of all eligible students. The ministry will in turn transfer approved OSAP funds via direct deposit to individual student bank accounts based on the information provided through their Master Student Financial Aid Agreement (MSFAA).

The earliest that funds could be deposited to your bank account is the first day of classes.

Information is also available on the OSAP website

Copyright © 2014 Sir Sandford Fleming College. All Rights Reserved.

Fleming College
599 Brealey Drive K9J 7B1 Peterborough, Ontario,
(705) 749-5530