Why your grant could become a loan

2020-21 OSAP Application for Full-time Students

Normally, OSAP grants are money you don’t need to pay back. However, all or part of your OSAP grants may be converted into a loan if:

• You withdraw from studies or stop taking the minimum course load within the first 30 days of starting school and don’t return as a full-time student within 5 months in the same academic year
• As a result of an OSAP reassessment, you’re not entitled to all or part of the grant that you received (e.g. dropped courses, unreported income)
• The income provided by you and/or your family cannot be verified within one year from the start of your study period (this applies only to the Ontario Student Grant)

If your grant is converted to a loan, it’s:

• added to your loan balance
• included in the calculation of the monthly loan payment you’ll make once you’ve done school