Interest-free status (CIFS)

Previous OSAP loans will go into repayment six months after the end of the last term in which you received OSAP. During the six month grace period, students will accrue interest on the provincial loans while the federal loans are interest free. 

If you’re back in school full-time and have previous OSAP loans, then you need to ensure that they're placed into interest-free status so you don't have to start repayment.

Submit an interest free status application by logging into your OSAP account.

Do I need to complete an Interest Free Status Application?

An application is needed to keep your previous OSAP loans in interest-free status if you're:

  • Not currently receiving OSAP or your OSAP funding is delayed and
  • Enrolled in full-time studies in an OSAP approved program or
  • On an official work term (8 month coop work term)

For other provincial loan programs, please contact our office for assistance. The majority of out of province loan programs complete an online schedule 2 confirmation of enrolment through the NSLSC online services

Repay your loans

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

The NSLSC website also offers information about:

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

Anticipated Aid for your Promissory Note

OSAP, award and scholarship amounts will be posted as Anticipated Aid on your Quest account each term. Winter 2021 full-time OSAP funding will be added as anticipated aid on Quest accounts and will continue to be updated throughout the Promissory Note period.


Full-time OSAP 

  • Documentation received the week of Feb 15
  • Appeals received the week of Feb 15
  • Winter extensions received the week of Feb 15

Full-time Bursary

  • Please allow 6-8 weeks from the start of the winter 2021 term for a decision.

Academic Readiness Bursary

  • Please allow 4-6 weeks for review

Financing your education presentation