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OSAP 2008/09 Applications!!! Options
bigbadsheep
Posted: Tuesday, May 13, 2008 4:21:06 PM

Rank: Valedictorian
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Joined: 3/4/2008
Posts: 538
Just in case you didn't already know now you do.



UWO '12 Social Science
alys98
Posted: Tuesday, May 13, 2008 4:36:13 PM
Rank: Student Council
Groups: Member

Joined: 3/5/2008
Posts: 393
Location: Paris, Ontario
Yeah I found out from the other person that posted. Definitely have to fill this out. I probably won't get anything though, but I maybe able to get some money out of the Queen Elizabeth Scholarship thing.

Success is not the key to happiness, happiness is the key to success. If you love what you do in life, you will be a success!!
bigbadsheep
Posted: Tuesday, May 13, 2008 4:42:53 PM

Rank: Valedictorian
Groups: Member

Joined: 3/4/2008
Posts: 538
LOL yeah so did I, just figured that some people may or may not read the post, so I decided to put it out there in big bold lettering, literally haha.
I hope I can get something from them too. On the calculator thing it said I could qualify for around $7000, so I was all happy and then I got my bursary from Western (which is going to cause me to get less from OSAP), and it was so insignificant, now I'm scared OSAP is only going to cover me for like $4000 or something which in itself is huge, but in the grand scheme of things I still need to find another 12Gs.

UWO '12 Social Science
tmhlee
Posted: Tuesday, May 13, 2008 11:53:34 PM

Rank: Valedictorian
Groups: Member

Joined: 3/4/2008
Posts: 607
Location: Mississauga, ON
can you get the QE scholarship if you are studying out of province?

anyway big grin yay, finally up.

tmhlee
Posted: Wednesday, May 14, 2008 12:00:14 AM

Rank: Valedictorian
Groups: Member

Joined: 3/4/2008
Posts: 607
Location: Mississauga, ON
Quote:
Only postsecondary institutions that have filed information on their program costs, have met the eligibility requirements and are approved for student loan purposes for the 2008-2009 academic year will be listed. If your institution is not listed it may be in the approval process, which ends in May 2008. Please return at the end of May 2008, at which time a complete list of OSAP-eligible institutions will be available.


worry

I guess some schools haven't filed in info.

Same thing with particular programs for particular schools.

I will prob just wait a few days/weeks to apply.

alys98
Posted: Wednesday, May 14, 2008 12:47:25 AM
Rank: Student Council
Groups: Member

Joined: 3/5/2008
Posts: 393
Location: Paris, Ontario
I know for Laurier, they gave me a bursary of $2000.00. If I get anything from OSAP they said it could decrease how much I will get from the bursary. I did the aid estimator as well, OSAP says I could be entitled to receive $3000.00, once I fill out the full application though, and state the bursary amount, and other stuff, I doubt I'll get much.

I played around with it though....If you have $5000 dollars in savings, no RESP's, are planning to live with your parents, and your parents make a combined 122,000 you can get $26 from OSAP!!! lol.

On the flipside,

If you have $5000 in savings, No RESP's, and not planning to live with your parents, and your parents make a combined income of $28000, you are eligible for around $16,000

Success is not the key to happiness, happiness is the key to success. If you love what you do in life, you will be a success!!
tmhlee
Posted: Wednesday, May 14, 2008 12:49:43 AM

Rank: Valedictorian
Groups: Member

Joined: 3/4/2008
Posts: 607
Location: Mississauga, ON
lol. $26. is that loan or grant ;)

perfect for that school attire to show your spirit
courtesy of osap

alys98
Posted: Wednesday, May 14, 2008 1:28:16 AM
Rank: Student Council
Groups: Member

Joined: 3/5/2008
Posts: 393
Location: Paris, Ontario
tmhlee wrote:
lol. $26. is that loan or grant ;)

perfect for that school attire to show your spirit
courtesy of osap


It's a loan!!!! Lmao!

Success is not the key to happiness, happiness is the key to success. If you love what you do in life, you will be a success!!
bijanv
Posted: Wednesday, May 14, 2008 1:30:43 AM
Rank: Valedictorian
Groups: Member

Joined: 3/4/2008
Posts: 545
Location: Toronto, ON
tmhlee wrote:
lol. $26. is that loan or grant ;)

perfect for that school attire to show your spirit
courtesy of osap


psshhh you wish you could get school attire for $26! lol the cheapest thing is probably a tee for $30!

-University of Toronto Electrical Engineering 1T0!
alys98
Posted: Wednesday, May 14, 2008 2:40:48 AM
Rank: Student Council
Groups: Member

Joined: 3/5/2008
Posts: 393
Location: Paris, Ontario
bijanv wrote:
tmhlee wrote:
lol. $26. is that loan or grant ;)

perfect for that school attire to show your spirit
courtesy of osap


psshhh you wish you could get school attire for $26! lol the cheapest thing is probably a tee for $30!


Yeah definitely true. Oh well, you could always search around value village for an old t-shirt or hoodie lol.

Thanks OSAP

Success is not the key to happiness, happiness is the key to success. If you love what you do in life, you will be a success!!
D.Dickin
Posted: Wednesday, May 14, 2008 8:55:28 AM

Rank: Valedictorian
Groups: Member

Joined: 3/6/2008
Posts: 552
Location: Kitchener, ON.
Yay, finally smile

Now I just have to dig for my parent's SIN's and income tax stuff and we're good to go razz

Carleton University Class of 2012, Honours Bachelor of Arts
D.Dickin
Posted: Wednesday, May 14, 2008 8:56:46 AM

Rank: Valedictorian
Groups: Member

Joined: 3/6/2008
Posts: 552
Location: Kitchener, ON.
tmhlee wrote:
can you get the QE scholarship if you are studying out of province?


No. You have to be studying with an Ontario college or university.

Carleton University Class of 2012, Honours Bachelor of Arts
Kaylya
Posted: Wednesday, May 14, 2008 10:39:15 AM

Rank: Student Body Vice-President
Groups: Member

Joined: 3/4/2008
Posts: 994
Location: Ottawa
alys98 wrote:
tmhlee wrote:
lol. $26. is that loan or grant ;)

perfect for that school attire to show your spirit
courtesy of osap


It's a loan!!!! Lmao!


But so long as you get something you could get more than the "no financial need" $100 from QEII! razz

(yeah, doling out a loan of $26 seems ridiculously silly)

Is $16,000 all OSAP/Canada Student Loan or does it include some special grants for low income families (above and beyond the grant for loans over $7,000)? The maximum OSAP has been $11,900 for some time (as I understand a ridiculously long time given tuition increases) but they may have increased it.

Note that the maximum amounts in other provinces are different. Last I checked in NS it was over $13,000, but then tuition was that much higher too.

alys98
Posted: Wednesday, May 14, 2008 2:56:51 PM
Rank: Student Council
Groups: Member

Joined: 3/5/2008
Posts: 393
Location: Paris, Ontario
Kaylya wrote:
alys98 wrote:
tmhlee wrote:
lol. $26. is that loan or grant ;)

perfect for that school attire to show your spirit
courtesy of osap


It's a loan!!!! Lmao!


But so long as you get something you could get more than the "no financial need" $100 from QEII! razz

(yeah, doling out a loan of $26 seems ridiculously silly)

Is $16,000 all OSAP/Canada Student Loan or does it include some special grants for low income families (above and beyond the grant for loans over $7,000)? The maximum OSAP has been $11,900 for some time (as I understand a ridiculously long time given tuition increases) but they may have increased it.

Note that the maximum amounts in other provinces are different. Last I checked in NS it was over $13,000, but then tuition was that much higher too.


Yeah, sorry, a bit of it was from grant money. But I was just looking at the bottom line lol.

Success is not the key to happiness, happiness is the key to success. If you love what you do in life, you will be a success!!
GGG
Posted: Wednesday, May 14, 2008 3:34:11 PM

Rank: Student Body Vice-President
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Joined: 3/5/2008
Posts: 758
Location: toronto
so if you know that you're qualified for grants, you'd want to put everything towards OSAP right? What if you get a scholarship that's like $3000 or $5000, can you not put it towards tuition and residence, but keep it aside for future use? So you could use tuition and rez for osap?

uw/wlu DD '13
bigbadsheep
Posted: Wednesday, May 14, 2008 3:39:51 PM

Rank: Valedictorian
Groups: Member

Joined: 3/4/2008
Posts: 538
GGG wrote:
so if you know that you're qualified for grants, you'd want to put everything towards OSAP right? What if you get a scholarship that's like $3000 or $5000, can you not put it towards tuition and residence, but keep it aside for future use? So you could use tuition and rez for osap?


I know that for bursaries you receive from a school they automatically credit it to your tuition fees, I don't know if it works the same with entrance scholarships.

UWO '12 Social Science
Kaylya
Posted: Wednesday, May 14, 2008 3:47:34 PM

Rank: Student Body Vice-President
Groups: Member

Joined: 3/4/2008
Posts: 994
Location: Ottawa
GGG wrote:
so if you know that you're qualified for grants, you'd want to put everything towards OSAP right? What if you get a scholarship that's like $3000 or $5000, can you not put it towards tuition and residence, but keep it aside for future use? So you could use tuition and rez for osap?


A lot of people seem to be of the impression that you have to meticulously detail that the money you got from a scholarship went directly to paying tuition or something. It doesn't work like that. Money is money; they care that you are a student, usually full time, but that's it. It doesn't matter if $5000 from your scholarship pays your tuition while OSAP and other money pays your living expenses, or if it's $5000 from OSAP that pays your tuition while a combination of OSAP and scholarship and other money pays your living expenses, or because you got OSAP and this $5000 scholarship you go and buy $1000 in shoes. That last one is probably not a good choice, but you "could" do it.

That being said, if you get a scholarship of $3000 or $5000, it would likely but not necessarily influence how much you get from OSAP. And if the scholarship is from the university, it will usually just be applied to your account with the university and you won't ever directly see the money unless it is greater than your tuition and rez and other fees.



GGG
Posted: Wednesday, May 14, 2008 4:31:45 PM

Rank: Student Body Vice-President
Groups: Member

Joined: 3/5/2008
Posts: 758
Location: toronto
Kaylya wrote:
GGG wrote:
so if you know that you're qualified for grants, you'd want to put everything towards OSAP right? What if you get a scholarship that's like $3000 or $5000, can you not put it towards tuition and residence, but keep it aside for future use? So you could use tuition and rez for osap?


A lot of people seem to be of the impression that you have to meticulously detail that the money you got from a scholarship went directly to paying tuition or something. It doesn't work like that. Money is money; they care that you are a student, usually full time, but that's it. It doesn't matter if $5000 from your scholarship pays your tuition while OSAP and other money pays your living expenses, or if it's $5000 from OSAP that pays your tuition while a combination of OSAP and scholarship and other money pays your living expenses, or because you got OSAP and this $5000 scholarship you go and buy $1000 in shoes. That last one is probably not a good choice, but you "could" do it.

That being said, if you get a scholarship of $3000 or $5000, it would likely but not necessarily influence how much you get from OSAP. And if the scholarship is from the university, it will usually just be applied to your account with the university and you won't ever directly see the money unless it is greater than your tuition and rez and other fees.



So let's say i buy a laptop, or a tv, could that count towards osap? Then i guess i could put anything towards osap and get grants off of it.

uw/wlu DD '13
bigbadsheep
Posted: Wednesday, May 14, 2008 5:16:34 PM

Rank: Valedictorian
Groups: Member

Joined: 3/4/2008
Posts: 538
GGG wrote:


So let's say i buy a laptop, or a tv, could that count towards osap? Then i guess i could put anything towards osap and get grants off of it.


WOAH!!! I think you have it confused. YOU don't add up all your expenses (educational and otherwise) and go to OSAP and say this is how much it's gonna cost, pony up the dough. They talk to the school you're going to, find out what tuition and other essential fees are, and if you're living on rez. Then they add up all that, subtract what they believe you and your parents should be paying out of pocket and the difference is the amount you receive, in general.

UWO '12 Social Science
Kaylya
Posted: Wednesday, May 14, 2008 6:08:31 PM

Rank: Student Body Vice-President
Groups: Member

Joined: 3/4/2008
Posts: 994
Location: Ottawa
OSAP assesses your need based on a set formula. You cannot count a TV towards that assessed need, although you can count a portion of the cost of a computer towards it (I believe it's $500).

OSAP's formula isn't perfect. Perhaps you will wind up with extra cash. Even if you've got extra cash I'd be very careful of your spending. You will owe that money back with interest later.



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