Funding your Post Secondary Education presentation developed by the Conestoga College Student Financial Services office

1. Funding Your Post SecondaryFunding Your Post Secondary
EducationEducation
Student Financial Services & Awards
2016

2. Post-SecondaryPost-Secondary
EducationEducation

3. is a fantasticis a fantastic
experience!experience!

5. Student Financial Aid Resources
• Government Programs – OSAP
• Commercial Banks – Student Lines of Credit
• Employment Earnings
• Awards, Scholarships & Bursaries

6. Ontario Student Assistance
Program

7. OSAPOSAP
• To assist eligible students who do not have the
resources to meet the costs of post-secondary
education
• To supplement (not to replace) the financial
resources that you and your family are expected
to contribute
• OSAP is a combination of loans and grants.

8. Who is Eligible?
• Canadian Citizen, Permanent Resident or Protected
Person
• Ontario Resident
• Taking an OSAP approved program (course load
requirements).
• Have financial need

9. Who is Not Eligible
• Previously defaulted on an OSAP loan
• Have an outstanding loan overpayment
• Previously provided false information on an OSAP application
• Have not met the academic progress requirements
• Convicted of fraud or theft in relation to OSAP loans
• Have previously reported a significant variance of income on an OSAP
application
• Have previously filed for bankruptcy or a consolidation agreement AND
have OSAP as a creditor OR if OSAP funds would be seized to repay debts.
• If you are a resident of another province
• You are in receipt of government assistance that covers your post-
secondary costs
• You are in Stage 2 of the Repayment Assistance Program.
• You have adequate resources to cover your costs.

10. Expected Costs of Education
(tuition, books, living expenses)
Minus
Expected Family Contribution
Equals
Your OSAP Assessment (up to
program maximums)

11. OSAPOSAP
Apply on-line at:
https://www.ontario.ca/page/osap-ontario-student-assistance-program

12. OSAPOSAP
• OSAP Access Number: a unique identifier to
allow you to access your OSAP profile.
• To re-set your password, or if you have forgotten
your OAN, bring your government-issued photo
ID (Driver’s License, Passport, Health Card) &
Social Insurance Card to the Financial Aid
Office.

13. OSAP Application
• Section A - Profile
– Profile Information (Name, Address, Contact Information, Student ID, SIN, OEN, Disability
etc.)
– Your status (Dependent vs. Independent)
– Residency Information
• Section B: Application
– Information on School & Program
– Income (2015 income, pre-study period, study period estimates)
– Information on your children, if applicable
– Information on you parents (2015 income, Social Insurance Numbers)
– Information on spouse, if applicable

14. • Family Breakdowns
• Exceptional Expenses
• Estimated Income
• Lack of Employment in Pre-Study Period
Etc.

15. How will I get my OSAP?

16. If you don’t think you will have enough
money to pay for school, Ask yourAsk your
Student Financial Services Office!Student Financial Services Office!

17. RepaymentRepayment
• Repayment starts six months after the end
of your studies.
• Interest starts to accumulate immediately
on Federal portion of the loans.
• Repayment Assistance Program

18. Student Line of Credit

19. Student Line of CreditStudent Line of Credit
• Competitive Interest Rates
• Pay interest while in school
• Need a co-signature
• Grant Eligibility

21. Employment IncomeEmployment Income
1. Approximately 50% of students work while
studying
2. 15 hours a week
3. Related to your program
4. Work-Study Program
5. Look early for Summer Job!

22. Scholarships, Awards, and BursariesScholarships, Awards, and Bursaries

23. Why are scholarships,Why are scholarships,
awards, and bursaries theawards, and bursaries the
very best way to fund yourvery best way to fund your
education???education???

24. Because youBecause you
don’t have to paydon’t have to pay
them back!them back!

25. Awards, Scholarships & BursariesAwards, Scholarships & Bursaries
• Financial Assistance Web Pages
(http://www.conestogac.on.ca/financialaid/)
• Your Guidance Office
• Studentawards.com
• Scholarshipscanada.com

26. Common Financial Aid ProgramsCommon Financial Aid Programs
• Student Assistance Bursary
• Urgent Need Bursary
• Entrance Award (Degree & Diploma)

27. • BSWD / CSG-PDSE
• First Generation Bursary
• Aboriginal Post-Secondary Education & Training
Bursary (APSET)
• Ontario Student Opportunity Grant (OSOG)
• Ontario Tuition Grant (ontario.ca/30off)
• Student Access Guarantee (SAG)

29. Student Financial Services & Awards
Conestoga College
financialaid@conestogac.on.ca