The OSAP Team
We are dedicated to professional student services and helping students complete a post-secondary education.
OSAP Student Access Guarantee
- SCHOOL – McMaster University Student Financial Aid & Scholarships (SFAS)
- OSAP – Ministry of Advanced Education & Skills Development (MAESD)
- BANK – National Student Loans Service Centre (NSLSC)
McMaster University ~ Quality & Distinction
- In 15/16, close to 14, 000 students applied for ‘OSAP for Full-Time Students’ at McMaster
- In 15/16, McMaster’s default rate of 1.9% was well below the province’s University average (3.6%)
- 824 students receive assistance through the Repayment Assistance Program (RAP). McMaster’s 2015 participation rate in RAP is 25.6%.
- More impressive McMaster statistics….
What is OSAP?
The Ontario Student Assistance Program is a government student loan and grant program that helps students pay for university. At McMaster University, students demonstrate financial need for other financial aid programs (i.e. work program, bursaries) by applying for OSAP.
What is Net Tuition?
Net Tuition and Net Billing are initiatives spearheaded by the provincial government to educate students about University finances and provide students and parents the necessary tools to make sound financial decisions. More information about Net Tuition
In 2018/19, first-year students will apply for OSAP via OUAC when applying for university and later receive a letter from OSAP displaying the out-of-pocket expense for each program/university where an OSAP application was submitted. The letter will include conditional offers of grant, bursaries, and awards.
How and when do I apply for OSAP?
- Starting in 2018/19, first-year students will apply for OSAP via OUAC when they apply for university
- Use the new student assistance calculator to get a preliminary estimate of OSAP including the Ontario Student Grant
- The 2017-2018 OSAP application was released on March 29, 2017
- Students apply for OSAP online annually
- Complete your OSAP application by JUNE 30th – “McMaster recommended due date”
- The Ontario Tuition Grant was discontinued as of 2017/18
- Follow Ten Easy Steps to Apply for OSAP
Who is eligible for OSAP?
Visit the Ontario OSAP website for eligibility requirements.
When will I receive my OSAP?
Funding is typically released in two installments: at the beginning of the study period and halfway through (usually September and January). Starting in Fall 2018, OSAP grant funding will be redirected to the University to cover any outstanding fees.
Where do I go for assistance?
Visit Student Financial Aid & Scholarships for questions and concerns regarding your OSAP application and assessment. SFAS ID Requirements: Valid government photo ID (e.g. driver’s licence) and Student ID card
Contact National Student Loans Service Centre for information about the disbursement and repayment of your funding.
- You need to successfully complete at least a 60% course load (40% for students with permanent disabilities). Learn to calculate course load below
- OSAP funding is used for educational expenses. Pay McMaster fees by published deadlines
- Promptly submit all changes in status, income, course load or program to SFAS
- Maintain an interest-free status on previous loans when not receiving OSAP
- Register for the NSLSC Repayment Assistance Program seminar
- Repay your OSAP loan according to NSLSC terms when no longer studying full-time
Required Course Load Calculation
(Total # of units for the full-time course load for the fall & winter terms) / 2 x .6 = # of units per term
Example 1: Humanities, Year 1 (full course load – 30 units, calculate 60%)
30 units / 2 x .6 = 9 units per term
Example 2: Chemical Engineering, Year 2 (full course load – 36 units, calculate 80%)
36 units / 2 x .8 = 14.4; therefore, 15 units per term
Enrollment in Mosaic as per OSAP application is required for your funding to be released.
McMaster OSAP Ineligible Programs
- Continuing Education courses
- Graduate Post-Degree Diplomas and Certificates
- Master, Finance
- Master, Communication Management
- Master, Executive MBA
- Master, Health Management
- PhD, Divinity (OSAP is offered through Divinity College)
- Courses taken with a continuing, transitional or non-degree status