Part-time Loans and Grants
NEW effective January 2012Ottawa eliminates interest on loans for part-time students: New and existing loans for part-time postsecondary students are now interest-free during study. |
I am a part-time student. Am I eligible for OSAP?
You may be eligible for the federal Part-time Canada Student Loan and Canada Student Grants Program. Review the information below to see if you would qualify through the part-time program.
You are considered a part-time student if you are:
- Registered in 20 to 59 per cent of a full course load (3 to 8 credits per term); or
- Registered in 20 to 39 per cent of a full course load (3 to 5 credits per term) if you are a student with a permanent disability.
Based on the OSAP requirements, you may be a part-time student for one term, and a full-time student for the other term. If this is the case, submit a part-time application only for the term showing that you are part-time. Use the calculator below to determine if you are considered part-time.
Note: When entering credits below, credits for full year (Y) courses are split evenly in the fall and winter terms. Example: Y course = six credits; three credits are considered in the fall term and three credits are considered in the winter term. Use this calculator to determine your course load for each term.
It is important to enter your correct course load on your financial aid application as your tuition, compulsory and book costs in the assessment are calculated based on your course load. Incorrect course load information will delay your funds.
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 in the charts on the OSAP website (click on the "All the Details" link to view the full page)
The 2012-2013 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.
Submit your declaration 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:
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.
OSAP application deadlines must be met in order for your summer OSAP funds to be processed in time. The Student Financial Services office at York must receive your completed application and all required documents by the dates as shown in the chart:
| Conditions | Deadline to apply. |
|---|---|
| Summer study period is 11 weeks or less. | Must apply three weeks before the first day of classes. |
| Summer study period is 12 weeks or more (May to Aug) | Schulich graduate students - May 27, 2013 All other students - June 3, 2013; must apply within the first 30 days of the beginning of the summer study period (May 6) |
Indicated below are the maximum amounts of assistance a student may receive for an academic year, based on the Ministry's calculated need.
| Program | Maximum Amount |
|---|---|
| Part-time Canada Student Loan | $10,000* |
| Canada Student Grant for Part-time Studies | Up to $1,200 |
| Canada Student Grant for Part-time Students with Dependants | Up to $1,920 |
| Canada Student Grant for Persons with Permanent Disabilities | Up to $2,000 |
| Ontario Part-Time Grant | Up to $500 |
* The maximum outstanding principal for all Part-time Canada Student Loans cannot exceed $10,000 at any time (does not include accruing interest).
If you want to report changes or cancel your application, use the form below. Once we have reviewed your application, we will advise you how these changes will affect your funding. This may take from six to eight weeks.
Once you have applied online, you can return to your OSAP application on the OSAP Web site to do the following:
- Regularly check the status of your application.
- Check for any outstanding necessary documentation or instructions on what needs to be done next.
- Update your mailing address to make sure you receive all correspondence promptly.
- Check on the amount of loans and/or grants that have been issued for your current year and also for past years if you are a returning student.
- Check to see if your document has arrived at the school by logging into the Financial Document Tracker.



