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Part-time Loans and Grants
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NEW effective January 2012
Ottawa eliminates interest on loans for part-time students: New and existing loans for part-time postsecondary students are now interest-free during study.
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I am a part-time student. Am I eligible for OSAP?
As a part-time student, you are not eligible to apply through the full-time Ontario Student Assistance Program (OSAP). However, you may be eligible for the federal Part-time Canada Student Loan and Canada Student Grants Program. Review the information below if you would like to apply for a part-time loan.
 What is considered part-time?
 What is the eligibility criteria?
To be eligible for the Part-time Canada Student Loan and Canada Student Grants Program, you must meet the following criteria:
- Canadian citizen or permanent resident of Canada (landed immigrant) or a protected person (international students are not eligible).
- Resident of Ontario and have resided in Ontario at least 12 months immediately prior to the part-time study period, excluding periods of full-time study.
- Registered in an OSAP-approved degree program (most degree programs at York are eligible).
- If you have previous OSAP loans, they must be in good standing (i.e. you have not defaulted on a student loan and/or you are not restricted from participating in financial aid programs).
- You maintained satisfactory academic progress while in receiving previous government financial aid.
- Combined gross family income and assets do not exceed the income thresholds as shown below:
| Family Size |
Canada Student Grant Eligibility |
Part-time Canada Student Loan Eligibility |
| 1* |
$14,100 |
$26,100 |
| 2** |
$23,300 |
$34,800 |
| 3** |
$31,900 |
$43,600 |
| 4** |
$37,800 |
$50,500 |
| 5** |
$43,700 |
$56,300 |
| 6** |
$48,600 |
$62,400 |
| 7** |
$53,000 |
$68,300 |
| 8** |
$56,800 |
$72,600 |
| 9** |
$60,100 |
$75,200 |
| 10** |
$62,700 |
$78,200 |
* Single student.
** Married student or sole-support parent with child(ren).
How do I apply?
The 2011-2012 part-time application is an online application which is available on the OSAP website.
Once you apply online, you will be required to provide declaration and signature forms, along with supporting documentation based on your circumstances.
We strongly encourage students to apply online. Paper applications required more processing time. Print and complete the paper application only if you are unable to use the online application.
Important: Please print off and submit the Part-Time Application Checklist to ensure you have all the necessary documents, this will ensure your application will be processed without any delays.
 Where do I submit my declaration and supporting documentation?
Submit your decleration and signature forms, along with any other supporting documentation, by placing them in the drop box located in the lobby of the Bennett Centre for Student Services (the building is open 24 hours a day) or mail it to the following address:
Student Financial Services - York University
Bennett Centre for Student Services
4700 Keele St. Toronto, ON Canada M3J 1P3
You cannot fax your forms, as original signatures are required. It is not necessary to see someone when submitting documentation.
Important: Please print off and submit the Part-Time Application Checklist to ensure you have all the necessary documents, this will ensure your application will be processed without any delays.
 What are the application deadlines for the part-time student loan applications?
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If length of your study period is... |
Deadline to apply is... |
| Less than 30 days |
No later than six (6) weeks before the beginning of your study period start date to allow sufficient time to obtain necessary documentation and to process the application. |
| Up to 20 weeks |
Within the first 30 days of your study period start date. |
| 21 weeks or longer |
No later than 90 days before the end of your study period. |
What are the maximum amounts for part-time student loans?
Indicated below are the maximum amounts of assistance a student may receive for an academic year, based on the Ministry's calculated need.
* The maximum outstanding principal for all Part-time Canada Student Loans cannot exceed $10,000 at any time (does not include accruing interest).
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