t.roberson wrote:Does anyone know what the cutoff income is for OSAP? And does this apply to the QEII as well?
There is no formal cutoff. It depends on a lot of factors. Your best bet is to look at the estimator they have on the "Access Window" portion of the site.
If you want a basic idea to know if it's worthwhile or not, your parents income goes into the "Expected parental contribution" part of your assessed resources (which are then compared against assessed need). At $100,000 pre-tax income, with the assumption that that income is split evenly between the two parents, that
parental contribution was $13,359 with one dependent (i.e. you) and going down about $2000 per sibling. This part is also divided by the number of siblings you have at university. So at that income level as an only child, you probably wouldn't qualify for a loan in most cases (maybe if you were going away and to a higher tuition program), but add one sibling and you might get a small loan depending on savings, your income, etc, and if they are also in university you'd pretty much get a loan if you don't have sizeable savings at your disposal.
If you don't qualify for OSAP, the most you will get from QEII is $100. If you know you won't get OSAP you can apply for that with a much simpler application.
Oh, and that post assumes you are applying as a dependent student. If you're independent (as in going back to school after a few years), find the estimator.
