Summer financial assistance

For more information

Financial Aid & Awards Office Level One, 51 McCaul St.
Email: FinancialA@ocadu.ca
Telephone: 416-977-6000 Ext. 250
Fax: 416-599-4958

DATES and DEADLINES

April 25    Final deadline to apply for part-time and full-time OSAP
May 13      Final deadline to apply for summer bursary program 

Eligibility

Your eligibility and entitlement for summer financial assistance is based on the information provided on your summer application.  If there is any change to this information, not only may your entitlement be affected, either positively or negatively, but you may also become ineligible for funding.

OSAP PROGRAMS

Applications for the following financial assistance programs are available from the Financial Aid & Awards Office upon request or at the links below. Students must be registering in credit courses (diploma or degree or graduate studies program) to apply for any of these financial assistance programs.

Returning Full-Time OSAP Students

Returning degree or diploma or OSAP-eligible graduate studies program students who received OSAP assistance during the 2015/16 academic year and plan on taking a minimum of a 60% courseload (1.5 credits)* are eligible to apply provided they start their studies on May 17 and attend consecutive terms (no breaks) for 6 to 14 weeks in total. Complete the form below.  Subject to approval.

Do not complete a new application for the summer through the OSAP website. Use this one-page form instead!

2016 Summer Full-time OSAP Extension Form  - deadline to apply is April 25, 2016

New OSAP Students

Degree or diploma or OSAP-eligible graduate studies program students who did not receive OSAP assistance during the 2015/16 academic year and plan on taking a minimum of a 60% courseload (1.5 credits)* are eligible to apply provided they start their studies on May 17 and attend consecutive terms (no breaks) for 14 weeks in total. The entire 2015/16 OSAP application is required and is available at the link below.

Application available through the OSAP website.


* Note: students with a documented permanent disability status are eligible to apply if they are taking a minimum 40% courseload (1.0 credits). Full-time students registered in OSAP-eligible graduate studies programs (Interdisciplinary Master's in Art, Media & Design; Master's in Digital Futures; MDes in Inclusive Design; MA in Contemporary Art, Design and New Media Histories; MFA in Criticism & Curatorial Practice) are considered to be registered in 100% courseload for the entire summer period. Students registered in the Master of Design in Strategic Foresight and Innovation should check with the Financial Aid & Awards Office regarding the appropriate program based on courseload.

Part-Time Canada Student Loan/Grants/Ontario Part-Time Grant

Degree or diploma students and non-program students registered in 0.5 credit or 1.0* credits for a minimum of four weeks of consecutive study are eligible to apply for part-time financial assistance. Not all students will qualify. The part-time 2015/16 OSAP application is required and is available at the link below.

Application available through the OSAP website.

Ontario Tuition Grant

Full-time students who are less than four years out of high school and whose parents' gross income is $160,000 or less, may be eligible for the Ontario Tuition Grant. The maximum amount a student can receive per semester is $915 ($1830 per academic year). Students already receiving full-time OSAP for the summer semester will be automatically considered. All other students will need to submit an application through the OSAP website.

Ontario Tuition Grant application

OCAD U Bursary Program

All students who are Canadian Citizens, Permanent Residents or Protected Persons and who are registered in an undergraduate degree or diploma program at the University for the 2016 summer sessions are eligible to apply for a bursary through this program. Priority will be given to eligible OSAP students as per OCAD University's commitment to the Ontario government's Student Access Guarantee.

ELIGIBILITY TO APPLY

Students must meet the following criteria in order to apply for a bursary through this program:

•Be studying on a full- or part-time basis at OCAD U during the 2016 summer session
•Be a Canadian Citizen, Permanent Resident or Protected Person
•Be an Ontario resident and have submitted an error-free OSAP application for 2016 summer
•Demonstrate financial need (priority is given to OSAP students; out-of-province students will only be considered if   funds are available)

APPLICATION PROCEDURES & DEADLINE

2016 Summer Bursary and IWSP Application for OSAP and Out of Province Students
2016 Summer Bursary and IWSP Application for Loan Restricted Students

The deadline to apply for a summer bursary is Friday, May 13, 2016.

IMPORTANT INFORMATION

Processing times: OSAP Applications are due by the deadline noted above and take approximately 2 to 3 weeks to process. Full-time and part-time students can check their status on-line on the OSAP website (osap.gov.on.ca). All applications are subject to the approval of the Financial Aid & Awards Office.

Changes in courseload: Students should carefully review the 2016 summer information posted on the OCAD U website, especially with respect to applicable deadlines for payment, registration and confirmation.  Any change to courseload will affect the funding entitlement. Refer to the 2016 Summer Calendar  Dates & Deadlines and Fees/Refunds for detailed information on when you can withdraw from classes and the financial impact if you do so. If a course is cancelled in any duration, students must contact the Financial Aid & Awards Office immediately regarding funding adjustments.

Summer courses are subject to cancellation. You must advise the Financial Aid & Awards Office of any course cancellations, and your intentions regarding your continued summer studies. In order to receive OSAP assistance in the summer, you must meet the minimum eligibility requirements for OSAP purposes. If one or more of your courses is cancelled and you cannot find an appropriate alternate course to take the place of the cancelled course then the Financial Aid & Awards Office must report this change to the Ministry of Training, Colleges and Universities. Regardless of whether your circumstances changed due to your actions or course cancellations by the University, your OSAP entitlement may be reduced, you may become ineligible for funding that you have received, and there may be implications in terms of OSAP satisfactory academic progress policy.

Tuition fee payments:  Please refer to the Fee & Payment information for further details.

OSAP students who indicated on their OSAP application form that they would like the Ministry to remit fees directly to the school will have the first installment owing remitted from the first disbursement of funding, or up to the amount that is available (if the disbursement of the funding does not cover the first installment due). OSAP students who indicated on their OSAP application that they did not want the Ministry to remit fees to the school will be responsible for paying their fees once their funding is deposited into their bank account.

Note: You are responsible for any fees owing if you add additional courses (or make course changes) after your funding has been released, if your funding does not cover the full amount of your fees, or if you did not authorize the Ministry to remit funds directly to the institution.

Attendance
OSAP has an attendance requirement; non-attendance will not only adversely affect your education and academic standing, but could jeopardize your ability to receive any future funding through any OSAP program.

Over-awards
If you receive more funds than you are entitled to, due to any change in your financial situation, personal status, or program of studies, you will be advised by the Financial Aid & Awards Office of any over-award of your OSAP entitlement. Please note that the Ministry may require that you repay the full value of the over-award before you receive any additional funding from OSAP in the future, whether at OCAD U or another post-secondary institution.

Funding Maximums
OSAP has funding maximums (program and lifetime) of program length plus one year. As our undergraduate program are four-year programs (degree or diploma), you can receive OSAP for four years, plus, upon approval of the Financial Aid & Awards Office, one additional year in order to complete graduation requirements. The lifetime maximum is 340 weeks (520 weeks for students with a permanent disability).

Satisfactory Academic Performance
It is a fundamental requirement of OSAP that students maintain satisfactory academic progress in the courses for which financial assistance has been provided.  Failure to obtain passing grades in at least 60% of a full course load (40% for students with a documented permanent disability), course drops, multiple program switches, early withdrawals, school imposed academic restrictions, lack of career direction, multiple repeats of a program and/or taking multiple programs may be considered as unsatisfactory academic progress by the Ministry.  OSAP students who do not maintain satisfactory academic progress may be placed on probation for the following year, or may be ineligible for further OSAP assistance for a minimum of one year. If placed on academic probation, to be eligible for further assistance, students must provide their financial aid office with a letter of explanation regarding their previous and/or current academic progress and official transcripts for each term of study. Please be advised that the above requirements must be met regardless whether your academic circumstances change, such as attending a new post-secondary institution to taking a different course of study.

Repayment

Any loan funding received through the Ontario Student Assistance Program and the Part-Time Canada Student Loan Program must be repaid. Repayment begins on the last day of the seventh month after the day of your current study period ends.  If y
ou are continuing in either part-time or full-time studies, you may be eligible to extend the date that you are required to start re-paying your loans by receiving financial aid through OSAP, or submitting a completed Continuation of Interest-Free Status form and/or Schedule 2 form. Contact the NSLSC or the Financial Aid & Awards Office for more information.