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Repaying Your OSAP Loans

Students are responsible for keeping their Ontario Student Assistance Program (OSAP) loans interest free and starting the repayment process. For additional information and available resources, visit the Government of Canada's Student Financial Assistance website and OSAP website.

National Student Loan Service Centre

All repayment of funding is processed through the National Student Loan Service Centre (NSLSC).  Ensure you review your NSLSC online account regularly for notifications in your secure NSLSC inbox.  Additional options for managing your loans and updating your contact information is available on the NSLSC online account dashboard.  

The NSLSC offers online webinars on demand to educate you about your loans in general (Orientation Presentation) and about what to do when it is time to repay your student loan  including the repayment process, hints and tips on how to save on interest, and what to do in the event that you are having difficulty making the payments (Repayment Presentation).  

The NSLSC is also on YouTube and Twitter! Check out their channels for more information on the support they offer borrowers throughout their student loan experience. 


A grant or loan overpayment is when you receive more grant or loan funds than you should have (e.g. you change your course load, withdraw from your study period or update your income reported on your application after you have received your OSAP funding).

Laurier student account credits that result from tuition adjustments (due to course load changes, drop to part-time studies or withdrawal) may be transferred on your behalf to the NSLSC to repay the grant or loan overpayment as per your OSAP agreement.

Grant to Loan Conversion Process

Normally, OSAP grants are money you do not need to repay. However, all or part of your OSAP grants may be converted into a loan if:

  • You withdraw from studies or stop taking the minimum course load within the first 30 days of your study period.
  • At the end of the study period, as a result of an OSAP reassessment, you’re not entitled to all or part of the grant that you received (e.g. due to dropped courses, withdrawal or unreported income).
  • The income reported in connection to your application can’t be verified within 12 months from the start of your study period.

Please note:  Grant to loan reviews may not be completed by the Ministry until after the end of the academic year and can take several months after this before final updates are communicated through your OSAP application and updated on your NSLSC account.