they ask for more than your parents' income though. i think they also ask how much they have in savings and investments, etc. so if you're giving them money it would still be reported, except under their name.

then again they might view that 4k as different if its under their name than if it was under yours.

PS how many siblings do you have? i thought 80k was the maximum for consideration if you had 3 kids in one family. how big of a family do you have to have for a parental income of 100k?

Family of four:
My parents,
Me and my little sister.
I used the osap estimator and it told me I would recieve around 5k (no savings reported),
This is while living at home and my tuition fees are 4,776. (just tuition)
A letter from UofT estimated that I would recieve around 4.8k (after I submitted the UTAPS form)

Who told you these caps?
They seem quite unfair.
Go check out the estimator for yourself if you don't believe me.
https://osap.gov.on.ca/eng/eng_osap_main.html Click on aid estimator

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UTSG Life Science 12'

That would suck if it happens.
Whoever decides on the OSAP criteria should take into account that by todays standards most people consider a family 'well off' only when they make over 180k a year.

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UTSG Life Science 12'

You do know why it takes 10 weeks to process right? They check over every tiny detail, they contact revenue canada to verified any income you've earned. They will definetely catch the transfer of the cash in your bank account to another account. They will then probably contact you to question you why was the money transferred. In the end it you will probably see a decrease and a delay in your loan.

... if they're a family of 24 maybe...

I'd say well off is closer to 120K.

Are you talking before or after tax.

If your parents earn closer to 50K than 60K you should be okay. But don't get excited about that estimator.

My sister got pulled back by OSAP in the middle of her last year at Lakehead in concurrent ed with a guaranteed French teaching job. There was a real panic. Lakehead was very good to her and she managed to get a bit of money from them and she found a job. There is also a food bank on campus so she used that service. Let me tell you it almost was a real tragedy. She did not even have enough money to get back home. But one of her profs was heading down south and drove her home. Now that she has money she helps out Lakehead when they ask for donations.

Actually I transfer my savings after my school year (end of April, if I have any) to my dad. Since I don't use my dad's income for OSAP, I don't know if they look at him at all. Because I am from a low income family, I don't know how much $3k extra would make, but also in first year I claimed I was getting $0 from family and I ended up getting $4k+$3k+$3k and I still got $11 900 from OSAP.

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Uschi
Queen's '10

haha you know what kills me about OSAP? The fact that it's mostly based on your parents income. Last time I checked, it was me going to university and not my parents. OSAP just makes this assumption that parents are going to cover the cost of their kids education. If they choose not to, the kid is screwed since OSAP still thinks they're rich.

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University of Guelph '10: International Development, Environmental Governance

Alberta doesn't have an estimator like OSAP does and there is no way I would actually get a loan from the governement.. I tried to pretend to live in ontario but as I said it seems to be smarter than me..

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Taiyab wrote: Is it me, or is Karla Homolka gorgeous!

Lamoid wrote: SHE HAS A KILLER BODY.

Wasn't there a question about your parents education? There's actually a law that if your parents are educated to a certain level (masters and above i THINK), they are legally forced to (if they have the resources) put you through your education to some level as well. Maybe they only take this into account as the be all and end all for your app. if this criteria is fulfilled?