Why do I need to log in?
Maintain Interest-Free Status on Your OSAP
What is Interest-Free Status on OSAP?
This means that while you are
at school as a full-time student (min. 60% course load is required or 40% if
you are a student with disability) and not
receiving OSAP, you can put your previous student loans on hold. By doing this, your interest is paid by the
Federal and Provincial government and you don’t need to make payments.
What if I’m on co-op?
If you are working on an approved
co-op position you will qualify for interest-free status. Indicate the start
and end dates of your co-op term. Once you return to your academic term, you
will need to complete another form or apply for OSAP.
How do I apply for
You will need to complete the Continuation of Interest-Free Status form
and submit to the Financial Aid Office in room C102.
What happens if I don’t maintain interest-free status?
If you don’t keep your
previous student loans in interest-free status, you will be required to begin
making payments to the National Student Loans Centre (NSLSC) on the 7th month
after the end of your last study period.
What about if I’m a part-time student?
If you had previous full-time
student loans and you are back to school as a part-time student, you will need
to contact NSLSC (1-888-815-4514) and request to apply to the Repayment
© Copyright 2017 Lambton College