For the 20/21 OSAP Aid Year, starting on August 21, scholarships and external awards that have been applied as anticipated aid or paid to a student's account will be reported to OSAP. This process will take a few days and should be completed by Monday, August 26.
|Canada Student Loan/Grant Assessment||Ontario Student Loan/Grant Assessment|
|Awards, scholarships, bursaries, tuition waivers||Awards, scholarships, bursaries, tuition waivers|
|100% less an exemption of the first $1,800 per academic year||100% less an exemption of $55 per week of study (most programs are 32 weeks)|
|Example for a student receiving $4000 in Awards, scholarships, bursaries, tuition waivers||Example for a student receiving $4000 in Awards, scholarships, bursaries, tuition waivers|
|Impact on OSAP assessement: $2200 less in OSAP funding||Impact on OSAP assessment: $4000 - $1760 = $2240 less in OSAP funding|
To view your student account balance, you may log in to UWinsite Student and click on your ‘Financial Account’ tile.
To view your pending financial aid (not including your OSAP funding), you may log in to UWinsite Student and click on your ‘Financial Aid’ tile.
If you reported the same scholarships, bursaries and awards when you applied for OSAP, once our update activity is completed, we will send you an email with a form to adjust your self-reported scholarships, bursaries and awards. You will be able to update your self-reported awards to $0 if you have determined that the value of the awards that we have reported on your behalf is correct. You only need to report awards that you have received external of the university and that are not processed through your student account. During this adjustment period, we will work with the Student Account office to ensure that interest does not accrue on your unpaid balance until your OSAP funding has been reassessed once again.
We will be asking that if you have determined that your scholarship(s) have been counted twice, that you submit your update form (that we will email you in early to mid-August) prior to the end of August or at your earliest convenience. It is our plan to start confirming enrolment one week prior to the beginning of classes and we would like these updates completed prior to the Confirmation of Enrollment process if possible.
If you have received an email to advise you of the possible double counting of scholarships/bursaries/awards/tuition waivers, the following information will assist you with understanding the information in the chart:
|Amount reported by you:||This is the amount of scholarships/bursaries/awards/tuition waivers that you reported on your OSAP application when you applied.|
|Amount reported by us:||This is the amount of scholarships/bursaries/awards/tuition waivers that we have reported to OSAP on your behalf based on funds that have been or will be paid through your student account.|
|Study Period Start Date:||This is the start date of your study period that has been used to calculate your weeks of eligibility. If this date is incorrect, i.e. it says September but you plan on starting in April, then you need to complete an OSAP Course Load Update Form to let us know.|
|Study Period End Date:||This is the end date of your study period that has been used to calculate your weeks of eligibility. If this date is incorrect, i.e. it says April but you plan on ending in December because Winter is your work term and you do not plan on applying for OSAP for your work term, or if you will be graduating at the end December, then you need to complete an OSAP Course Load Update Form to let us know.|
|Confirmation of Enrolment:||This is the process where we confirm your full-time enrolment with the government. We plan to start this process at the end of August.|