Repaying

Help with Repaying

If you're having trouble making your payments, assistance is available.

Interest Relief assists students having trouble repaying their OSAP loans. While on Interest Relief, you are not required to make your monthly OSAP loan payments.

A Revision of Terms of your loan repayment can reduce your monthly payments to a more affordable level by extending the repayment term of your loan.

The Debt Reduction in Repayment is available to help reduce your debt if you are still having difficulties repaying 5 years after school.

Medical Loan Forgiveness and the Permanent Disability Benefit are available to forgive your OSAP loans after you have completed your studies if you have a permanent disability that is expected to substantially reduce your earning capacity for your lifetime and you are experiencing financial hardship repaying your student loan debt. For Medical Loan Forgiveness, you must first use all available Interest Relief.

You may also consider seeking financial counselling.