Interest-Free Status FAQs

Where do I submit my Continuation of Interest Free Status (CIFS)?

Full-time students can apply for the CIFS via the OSAP website. Please complete the online application at the beginning of the study period. A CIFS is completed annually to maintain interest-free status. Co-op students will complete the online application according to their study/work terms within an academic year. The Service Request in Mosaic is no longer available to submit a CIFS form. Students who require an accommodation can access a paper form via the OSAP website.

How long will it take for NSLSC to receive the information?

It will take approximately 21 business days for the National Student Loans Service Centre to receive your confirmation of enrolment and process interest-free status on your account.

Am I eligible for interest-free status if I switched from studying full-time to part-time?

Only part-time students who have consistently studied at the part-time level are eligible for interest-free status at a 20-59% course load. Students who regularly study full-time, are required to enroll in at least a 60% course load per term. Full-time students with permanent disabilities can enroll at a 40% course load and receive interest-free status.

Why is a ‘continuing’ student not eligible for interest-free status? 

To be eligible for interest-free status, students must be working towards a degree or diploma. Continuing students have already completed all required units of study for a degree.

Why can’t I submit my Schedule 2 via the NSLSC Online Service portal? 

Students who have never received funding for studies at McMaster will not be able to utilize the NSLSC portal for their first disbursement. After that, part-time students and students receiving student aid from a province other than Ontario can apply for interest-free status via the portal.

How many units does an Engineering student need for a 60% course load?

Students can check the Undergraduate Calendar for their program of study for the minimum number of units per level to equal a 100% course load. The course load calculation is available under OSAP for Full-Time Students. Graduate students must be studying at the full-time level to be OSAP eligible.


What’s New!

Indigenous Entrance Awards: McMaster offers generous awards for Indigenous students entering first year. Find out more about entrance scholarships for Indigenous students. Apply by July 15!

Spring/Summer CIFS: Students enrolled full-time for the spring and/or summer sessions can now submit a Continuation of Interest-Free Status application. Apply online via the OSAP website. Learn more about Interest-Free Status.

18/19 OSAP Application: Students can now apply for OSAP for the 2018/19 academic year. Apply via the OSAP website by June 30th, McMaster’s recommended deadline, if you require your funding in September.

Survey for Spring/Summer Part-Time Students: We want your input! Complete a three-minute survey to help us consider bursary options for funding part-time studies.

External Scholarships Page: Check out our new External Scholarships page for updated information on scholarships available through various companies/organizations.

Rhodes Scholarship Info Webinar: Missed the webinar? Lots of great information about the Rhodes application and experience is available in the webinar presentation (PDF)!


Quick Links

Apply for OSAP

Register with NSLSC

Apply for McMaster AID



Important Dates

Contact Us

Mac’s Money Centre