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Keep your loans in good standing

Interest-free status

Previous OSAP loans will go into repayment six months after the end of the last term in which you received OSAP. Loans can be kept interest-free when you are in full time studies or on an official co-op work term and:

Note: For other provincial loan programs, please complete a Schedule 2 form available from the Student Awards and Financial Aid Office.  

Repay your loans

Loan repayment is administered through the National Student Loan Service Centre (NSLSC). Watch the OSAP repayment webinar:

You’ll learn about:

  • The importance of the first 6 months after you leave school
  • Understanding your Consolidation Agreement
  • Your interest rate options
  • Choosing your repayment term
  • Maintaining your student loan in good standing
  • Avoiding repayment difficulties

The NSLSC website also offers information about:

  • Repaying student loans
  • Repayment assistance plans
  • Managing student loan debt