We will begin processing spring OSAP extensions and signature pages the week of March 24th. If you submit these 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.
When will I receive my OSAP funding?
The Student Awards & Financial Aid office will now use an electronic process to confirm your enrolment directly to the Ministry of Training, Colleges and Universities.
The ministry will then deposit your OSAP funding directly to your bank account.
The following must be completed to receive your OSAP funding:
- Processing of your Consent & Signature pages along with any required supporting documents to the Student Awards & Financial Aid office at the University of Waterloo. Please allow 4-6 weeks for processing of your documents.
- Print, read and sign the Master Student Financial Aid Agreement (PDF) and take it to a designated Canada Post outlet. They will mail the document to the National Student Loan Service Centre (NSLSC) on your behalf. Do not send this form to the Student Awards & Financial Aid office.
- Complete a Promissory Note online through the Student Accounts website. This lets Student Accounts know that you will be receiving OSAP and using those funds to pay for some portion of your outstanding student fees. Please note: OSAP Estimates will not be accepted as proof that you will be receiving OSAP. You must use your funding summary.
- Enrolment in the applicable term must be confirmed by University of Waterloo.
You will be required to log into your OSAP account and confirm your income prior to receiving the second portion of your OSAP. We expect this functionality to be available during the second month of your study period.
The University of Waterloo will be required to confirm your enrolment again prior the release of the second portion of your OSAP funding.
Please note the University of Waterloo will NOT be requesting that your OSAP funds be directed to the University to pay your tuition and fees. Once your OSAP funding has been deposited to your bank account you are responsible for paying any fees still owing to the University.