OSAP Repayment - How to repay your student debt

You have six months after you graduate or leave full-time studies before you need to start repaying your OSAP loan. This is your 6-month grace period.

If you graduate or leave full-time studies before September 1, 2019:

You will not be charged interest on the Ontario portion of your loans during your 6-month grace period.

If you graduate or leave full-time studies on or after September 1, 2019:

You will be charged interest on the Ontario portion of your loan during your 6-month grace period. This interest will be added to your loan balance (“loan principal”).

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.  

banner-student-loans.jpg

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

https://players.brightcove.net/2456793370001/Hkv5PUW4G_default/index.html?videoId=5859486027001

 

 

https://players.brightcove.net/2456793370001/Hkv5PUW4G_default/index.html?videoId=5859470801001

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