Apply for part-time OSAP
Full details can be found here on how to Apply for part-time OSAP
Keeping your part-time loans in good standing
Previous part-time OSAP loans will remain interest-free during each subsequent term in which you receive part-time OSAP funding.
If you're studying part-time, but no longer receiving OSAP, submit the Canada Student Loans Program Confirmation of Enrolment (Schedule 2) form.
Repay your loans
Loan repayment is administered through the National Student Loan Service Centre (NSLSC). The NSLSC website offers information about:
- Repaying student loans
- Repayment assistance plans
- Managing student loan debt
Academic Progress Requirements
To remain eligible for future part-time OSAP funding, you must successfully complete and pass all courses funded through part-time OSAP. If you do not successfully complete and pass your part-time OSAP funded courses in a term, you must self-fund and successfully complete and pass your courses for one part-time term before being eligible for further part-time OSAP funding.
Note: If you have previously received part-time OSAP funding (for a 50% course load or less), an unofficial transcript will be required with any new part-time OSAP applications to show successful completion of all courses from your previous part-time OSAP funded term. If you are applying back to back terms the previous terms unofficial transcript with final grades is required. University of Waterloo will approve the transcript to allow your funding summary to be calculated so that your fees can be arranged. Funding will be withheld until official grades date and an unofficial transcript is submitted.
Maximum Part-time Canada Student Loan
Your outstanding Part-time Canada Student Loan (PT CSL) balance cannot exceed $10,000 at any time. Once you have received this maximum amount, no further loan funding will be available. It is important that you indicate the correct balance of current outstanding Part-time Canada Student Loans on your part-time OSAP application each term. Funding release can be delayed if information provided on your application is incorrect. The PT CSL outstanding $10,000 maximum is based on the current amount of the outstanding loan balance. The $10,000 maximum is NOT a lifetime maximum.
Undergraduate students are considered part-time by OSAP if enrolled in less than 1.5 units for at least 4 weeks
Graduate students are considered part-time by OSAP if they are registered as a part-time student.