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If you have an outstanding balance on your Laurier student account when funding is released by OSAP, the OSAP funding will be automatically directed to pay your outstanding tuition and fees at Laurier. Any remaining amount of OSAP funding available after your Laurier fees have been paid will go directly to your bank account.
Funding is typically received within 10 business days of the confirmation of enrolment.
For fall-winter applications, OSAP typically releases the following available loan funding amounts:
If you add or drop courses, or make updates to your application such as income changes, your funding assessment can change.
If your funding release is delayed:
Eligible funding is typically received within four to seven days of your part-time confirmation of enrolment.
It is your responsibility to ensure all required information has been submitted to complete your OSAP application and ensure all fees are paid each term.
If you are receiving an Ontario Part-Time Tuition Grant:
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.
Late payment fees related to an OSAP payment that is applied directly to your student account will be reversed provided:
It is the student’s responsibility to ensure all required information has been submitted to complete their OSAP application and to ensure all fees are paid each term.
OSAP funding for summer session (six-week July to August course registration only) cannot begin to be released to student accounts until the first day of summer session classes in July for completed OSAP applications.
We recommend paying your invoice for your summer session directly to avoid late payment penalties and financial holds on your Laurier account.
If your available OSAP funding does not cover all of your outstanding fees on your Laurier account, it is your responsibility to pay the difference prior to your Laurier invoice due date to avoid late payment fees.
Students are responsible for payment of fees added to their Laurier account after OSAP funding for the term has been released.
Contact Us:
Connect with Service Laurier.