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Part-Time Funding

Students enrolled in a 20%  50% course load may be eligible for part-time funding for educational costs through the Ontario Student Assistance Program (OSAP). Eligible students must apply for funding on a term-by-term basis by following the step-by-step application process

Eligibility Requirements

To be eligible for funding through the part-time OSAP program, you must meet the criteria below as well as certain residency and income requirements specified on the OSAP website:

  • Registered in an OSAP-approved degree program.
  • Previous OSAP loans 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 have maintained satisfactory full-time and part-time OSAP academic progression requirements while receiving prior government financial aid.

Application Process

COVID-19: IMPORTANT SERVICE CHANGES FOR LAURIER FINANCIAL AID OFFICE

Due to the current situation with COVID-19 the Laurier Financial Aid office is closed for in-person or phone service. Staff are working remotely and will continue to provide service via email.  

Updates on OSAP processing due to COVID-19 are posted online at students.wlu.ca/OSAP.

Laurier is providing ongoing updates on the novel coronavirus website.

After Funding Release

Academic Progress Requirements

To remain eligible for future part-time OSAP funding, you must successfully complete and pass all courses funded through part-time OSAP.  If you do not successfully complete and pass your part-time OSAP funded courses in a term, you must self-fund and successfully complete and pass your courses for one part-time term before being eligible for further part-time OSAP funding.  As of 2020-21 a pass is considered with a grade of a D- or higher.

Note: If you have previously received part-time OSAP funding (for a 50% course load or less), an unofficial transcript will be required as part of any new part-time OSAP applications to show successful completion of all courses from your previous part-time OSAP funded term. All submitted documentation is reviewed in the date order received and may take 2-3 weeks for processing in peak periods. If a previous term transcript is required on your application it is recommended that you pay your school fees to Laurier by your original invoice due date because previous term grades may not be available prior to the start of classes which could delay your assessment and release of funding.

 

Maximum Part-time Canada Student Loan

Your outstanding Part-time Canada Student Loan balance cannot exceed $10,000 at any time. Once you have received this maximum amount, no further loan funding will be available.  It is important that you indicate the correct balance of current outstanding Part-time Canada Student Loan on your part-time OSAP application each term.  Funding release can be delayed if information provided on your application is incorrect.

 

Maintaining Interest Free Status for Previous Part-Time Canada Student Loans

If you are enrolled in the current term as a part-time student in an OSAP-eligible program (20-50% course load), interest free status is available if:

  • a confirmed part-time OSAP application for the current term, or
  • completed a Canada Student Loans Program Confirmation of Enrolment Schedule 2 online with the NSLSC On-Line Service (login to view My Dashboard - Confirm My Enrolment menu.  Select 'I have a Part-time Loan' within the options)

Note: If you have previous full-time loans and decide to attend school part-time (50% course load or less) interest will accumulate and you will be required to make payments on your full-time loans; however payments on your previous part-time loans can be deferred.

If you are enrolled in the current term as a full-time student (60% course load or higher, or 40% course load or higher for students registered with OSAP with a permanent disability) in an OSAP-eligible program, interest accumulation of your previous part-time and full-time OSAP loans will be placed on hold if you have: