OSAP Repayment - How to repay your student debt

For the first 6 months after you graduate, finish your studies, or stop being a full-time college or university student:

  • you don’t need to make any loan payments
  • no interest is charged on the Ontario portion of your student loan
  • interest is charged on the Canada portion of your student loan

This is called your 6 month Non-Repayment period.

You start to repay your loan at the end of the 7th month after you leave school.

Extending your Non-Repayment period

If you’ve recently completed your studies, you can apply to have your Non-Repayment period extended for an additional six months through one of these two programs:

One-Year OSAP Non-Repayment Period for Entrepreneurs:  for the owner or joint owner of an eligible new business located in Ontario.

One-Year OSAP Non-Repayment Period for Not-for Profit Employees: for borrowers working at an eligible not-for-profit organization in Ontario.


Pay Back your OSAP

You can now watch the NSLSC Repayment Webinar On Demand via the new link below (click on image). This additional feature means that you can now watch a Repayment Webinar whenever it is convenient for you.  You can also preregister for a live online session through the OSAP Repayment webinar link below.  


National Student Loans Servicing Centre https://www.canada.ca/en/services/jobs/education/student-financial-aid…

On Demand OSAP Repayment Webinar Link - Watch Now!


NSLSC Repayment Orientation





Pay back your OSAP https://www.ontario.ca/page/pay-back-osap
Repayment Assistance Plan https://www.canada.ca/en/employment-social-development/services/educati…
Repayment Handout for Students Repayment Handout for Students PDF