Why do I need to log in?
Replayment of Your OSAP
What You Need to
You need to repay your student debt, including
No matter how much you borrow, Ontario limits
the amount you need to repay after you graduate or are no longer a
$7,500: the most you will need to pay back for a 2-term academic year. $11,250: the most you will need to pay back for a 3-term academic year.
You are automatically considered for this debt
relief through the Ontario Student Opportunity Grant - one of the grants
that is part of OSAP. But you need to:
For reasons why your cap on debt could be more than $7,400, click here. Learn
more about the Ontario Student Opportunity Grant by clicking here.
For the first 6 months after you graduate,
finish your studies, or stop being a full-time college or university student:
To see approximately how much you will need to
repay each month, use the online calculator. It's a great way to learn how your
debt could affect your daily living costs once you've left school. Click here to use the OSAP Repayment calculator, a free online resource.
Within 6 months of leaving school, you will get
a package in the mail from the National Student Loans Service Centre that tells
You start to repay your loan at the end
of the 7th month, after you leave school.
also convert Aeroplan Miles into payments on the Ontario portion of your
student loan. Learn
more by visiting HigherEdPoints.com
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