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Part-Time Canada Student Loan (PTCSL)

Academic Year:

2011-2012

Who It’s For:

Part-time students (20 to 59 percent of a full course load)

Type of Aid:

Loan

Amount of Aid:

Maximum amount of Part-Time Canada Student Loan outstanding at any one time is $10,000.

When to Apply:

The online and paper applications are now available.

Deadlines:

See deadline details below.

How to Apply:

Use the online OSAP Application for Part-Time Students

You should also know….

When you submit your application, you will also considered for the following aid programs:

Canada Student Grant for Part-Time Studies

Canada Student Grant for Part-Time Students with Dependants

Canada Student Grant for Persons with Permanent Disabilities

Ontario Part-Time Grant

Purpose

As a component of the OSAP Application for Part-Time Students, the Part-Time Canada Student Loan provides loan aid to students studying on a part-time basis.

Amount of Aid

Maximum amount of Part-Time Canada Student Loan outstanding at any one time is $10,000. This limit applies to the loan principal only, not the accruing interest.

Who Can Get This Aid

You can get this aid if:

  • You are taking from 20 to 59 percent of a full course load,
  • Your program of study is at the postsecondary level (degree, diploma or certificate program), and
  • Your total family gross income falls below the applicable maximum based on your family size.

    Income Eligibility Chart

    Chart #1 outlines the total gross income maximums for the following programs:

      • Part-Time Canada Student Loan Program,
      • Canada Student Grants for Persons with Permanent Disabilities,
      • Canada Student Grant for Part-Time Students with Dependants, and
      • Ontario Part-Time Grant

    Chart #2 outlines the total gross income maximums for the following program:

      • Canada Student Grant for Part-Time Studies

        Chart #1: Annual Total Gross Income Limits
        Part-Time Canada Student Loan Program
        Canada Student Grant for Persons with Permanent Disabilities
        Canada Student Grant for Part-Time Students with Dependants
        Ontario Part-Time Grant
        Total Family Size
        Family Size Determination
        Annual Total Gross Income Limit

        1

        Single Student (not married/common-law, no dependants)

        $26,100

        2

        Married Students, or Sole-support parent with one child

        $34,800

        3

        Married Students with one child, or Sole-support parent with two children

        $43,600

        4

        Married Students with two children, or Sole-support parent with three children

        $50,500

        5

        Married Students with three children, or Sole-support parent with four children

        $56,300

        6

        Married Students with four children, or Sole-support parent with five children

        $62,400

        7

        Married Students with five children, or Sole-support parent with six children

        $68,300

        8

        Married Students with six children, or Sole-support parent with seven children

        $72,600

        9

        Married Students with seven children, or Sole-support parent with eight children

        $75,200

        10

        Married Students with eight children, or Sole-support parent with nine children

        $78,200

Chart #2: Annual Total Gross Income Limits
Canada Student Grant for Part-Time Studies
Total Family Size
Family Size Determination
Annual Total Gross Income Limit

1

Single Student (not married/common-law, no dependants)

$14,100

2

Married Students, or Sole-support parent with one child

$23,300

3

Married Students with one child, or Sole-support parent with two children

$31,900

4

Married Students with two children, or Sole-support parent with three children

$37,800

5

Married Students with three children, or Sole-support parent with four children

$43,700

6

Married Students with four children, or Sole-support parent with five children

$48,600

7

Married Students with five children, or Sole-support parent with six children

$53,000

8

Married Students with six children, or Sole-support parent with seven children

$56,800

9

Married Students with seven children, or Sole-support parent with eight children

$60,100

10

Married Students with eight children, or Sole-support parent with nine children

$62,700

How to Apply

Use the 2011-2012 OSAP Application for Part-Time Students. This application is available online and in paper formats.

Deadlines

The deadline that your financial aid office must receive your completed application and all required documents is based on the length of your study period:

    Study Periods that are up to 20 weeks long:

        • no later than 6 weeks prior to end of your study period

    Study Periods that are up to 21 weeks or longer:

        • no later than 90 days prior to the end of your study period.

Documents You Need to Provide

You are required to print, sign and submit a declaration and signature page indicating that you have read and understood your rights and obligations. Your spouse (if applicable) will also have to sign their own declaration and signature page. If your funding application is for any school other than an Ontario public university or college, you must also print an OSAP for Part-Time Students Program Information Form. All of these documents are available to you once you submit your online part-time application.

You will also be required to provide documents to support the information that you provide on your application. When you complete an online application, the documentation that you must provide will be listed. All documentatation must be received before OSAP can calculate your aid.

For details on how and when to provide the documents, go to Submitting your Application.

Information Your School Needs to Provide

Your school must provide information about your program and study period costs (e.g. tuition, books and equipment).

  • If you are attending an Ontario public college or university, your financial aid office will provide your program and study period costs to the ministry electronically after you submit your application.
  • If you are not attending an Ontario public college or university, you must print an OSAP for Part-Time Students Program Information form that you must send to your school for completion. This personalized program information form will be available for you to print from this website as soon as you submit your application. If you applied using the paper application, this form is included with your application.

What Happens After You Apply

Your required documents will be reviewed by your financial aid office. Once all required documents have been provided, your eligibility for each type of aid associated with your application will be determined. In the case of the OSAP Application for Part-Time Students, you will be considered for the following aid programs:

Once your eligibility has been determined, you will receive a letter from the ministry telling you the amount of aid you will be receiving from each of the aid programs listed above.

How to Check the Status of Your Application

  • Information about your application is available on this website.
  • Contact your financial aid office if you have any questions regarding the status of your application.

How to Find Out the Amount of Your Aid

You will receive a letter from the ministry the amount of aid you have qualified to receive. Assessment results for your application will also be available on this website.

What Needs To Be Done Before You Can Get Your Aid

You must provide proof of your identity before any aid documents will be released to you.

Your identity will be verified before any form of OSAP funding (i.e., loan/grant funding certificates and/or grant cheques) will be given to you.

  • If you are attending a school located in Canada, your financial aid office will be reviewing the documents that you provide to confirm your identity.
  • If you are attending a school located outside of Canada, you will be providing documentation as part of your application that will be used to verify your identity. The type of documentation will be outlined to you as part of your application process.

How You Get Your Aid

If you are receiving a Part-Time Canada Student Loan, you will be given two documents from your financial aid office:

  • Certificate of Eligibility Part-Time Student Loans and Grants, which is the document that indicates the amount of aid you will be receiving
  • Canada Student Loan Agreement for Part-Time Students, in which you provide your contact and banking information required to negotiate your certificate.

Review both documents carefully and provide the information and signatures requested. You should then submit both documents to the National Student Loans Service Centre (NSLSC) kiosk at your school or to a designated Canada Post outlet.

When You Get Your Aid

You cannot receive your Certificate of Eligibility Part-Time Student Loans and Grants until on or after your study period start date.

If you received a letter indicating that you are eligible for a Part-Time Canada Student Loan and your study period has already started, please allow two to three weeks for your certificate to be received at your financial aid office.

Take Note:

  • Your completed certificate must be received at the NSLSC within 30 days of the date entered on the document by your financial aid office.
  • Your certificate must be received before the last day of the month of your study period end date printed on your document. If it is not, the certificate will be considered invalid and you will not have access to the amount of funds listed on it.
  • As of January 1, 2012, your part-time student loans are interest-free while you are in school.

How A Change To Your Situation Affects Your Current Aid

Your eligibility for aid can be affected if any of the following happens during your current study period:

  • You reduce your percentage of study to less than 20% of a full-time course load
  • You increase your percentage of study to 60% or more of a full-time course load
  • You withdraw (or are withdrawn) from your current study period.

How to Stay Eligible For Future Aid

You must successfully complete all of the courses that you received aid for in order to remain eligible for future aid consideration. Otherwise, you will have to successfully complete one semester of self-funded studies before you can be considered for any future aid from OSAP for Part-Time Students.

After Your Current Study Period Ends

You must start making payments on your part-time loan (interest and principal) beginning on the last day of the seventh month after the day your current study period ends.

If you are continuing in either part-time or full-time studies, you may be eligible to extend the date that you are required to start re-paying your loans by:

  • negotiating a new funding certificate (for full or part-time studies), or
  • submitting a completed Continuation of Interest-Free Status form and/or Schedule 2 form.

Contact the NSLSC or your financial aid office for complete details.

Planning to Continue in Part-Time Studies?

If you are continuing in your part-time studies and would like to be considered for further aid, you must submit a new OSAP Application for Part-Time Students.

Help Available if You Can’t Repay Your Loans

If you are experiencing difficulty paying back your part-time student loan, you can apply for assistance through the federal Repayment Assistance Plan. Complete details on this plan are available on the CanLearn website or by contacting the NSLSC.