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Updating Your Income for OSAP

Friday, November 23, 2012

Earlier this week you may have received the following email message from the Ministry:

When you applied for OSAP you estimated your income. Now it’s time to update your income so that it reflects what you actually earned. It also lets you provide a better estimate of any earnings you expect while in school.

You can update your income online as well as check out any changes to your application status by logging-in your OSAP account and selecting your 2012-2013 application. Once logged onto your 2012-2013 application a new link labeled “update income” will be available.

Sample OSAP application displaying the Update Income link

If you would like to be considered for the winter 2013 automatic bursary, you are required to complete the income update on the OSAP website by Friday November 30, 2012.  Our office will be processing the automatic bursaries in early December. If you qualify it can be used for winter 2013 fee arrangement.

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OSAP & your Promissory Note

Spring OSAP amounts will be posted to student Quest accounts under ‘Anticipated Aid’ on an ongoing basis over the next several weeks. Keep checking Quest to see if it’s been loaded, then you will be able to complete your Promissory Note.

Spring 2014 OSAP processing

Our office is currently processing Spring extension forms received prior to April 11, 2014. If you submit your extension form to the Student Awards & Financial Aid office by April 1, 2014 we will guarantee that your OSAP assessment will be available on Quest in time for you to complete your Promissory Note by the April 28th deadline.

2013 T4/T4A slips are now available

T4s (tax receipts for income earned from University of Waterloo) and T4As (tax receipts for scholarship, bursary and award funding from University of Waterloo) for 2013 are now available online by logging in to myHRinfo on the Human Resources website, using your Quest username and password.

Interactive budget calculator

This calculator has been designed to help you plan for the cost of your education.

Confirmation of Enrolment Processing

Confirmation of Enrolment processing will continue regularly throughout the term. It takes approximately 7 business days for funding to be deposited to your bank account.  Please note there could be several deposits depending on the type of funding you are receiving-  provincial loans or grants, federal loans or grants.  Deposits for the 30% Off Ontario Tuition grant may take longer than 7 days.