How does withdrawing from a program or reducing my course load impact my OSAP?
Any time you have a change in status, it can result in a reassessment of your OSAP funding.
- Reducing your course load
- Withdrawing from your program/semester
- Change in income or resources
It is your responsibility to contact the Financial Assistance Office when you have made changes in your course load, income or student status as it may impact your OSAP entitlement.
In some cases, you would be at risk of the following:
Important things to note:
- Interest will start accumulating after the Ministry is notified of your withdrawal
- Repayment will be expected six months after your withdrawal
- Some grants may be converted to loan if you have withdrawn very early in the semester
Tuition & fee refunds
The amount of tuition or fee refunds that the Mohawk returns to the National Student Loans Service Centre can reduce your overpayment.
You will be restricted from further full-time OSAP funding in the following cases:
- you have received an overpayment of $2,000 or more in three academic years; and/or
- you have received overpayments totalling $10,000 or more, regardless of the number of instances.
Overpayments only restrict full-time OSAP applications; students are still eligible for part-time OSAP funding.
Removing the funding restriction
If there have been three instances of receiving $2,000 or more in overpayments but the total amount is less than $10,000, you must pay back $2,000 to remove the funding restriction.
If your overpayments total $10,000 or more, you must pay that total down to $8,000 to remove the funding restriction.
If your OSAP is restricted due to an overpayment, you must repay the overpayment to receive future OSAP. You can make a one payment or a series of payments up to the overpayment amount.
Once completed, upload your payment to your OSAP account and advise the Financial Assistance Office that you have made your payment in full.