Financial Aid FAQs
Applying for OSAP can sometimes feels complicated, but it doesn't have to be!
If this is your first time applying for OSAP, just remember that many new students are in the same situation as you, and common questions will often arise. We hope the answers below help.
It is recommended that students apply for OSAP online by early-mid June. Students should upload or submit their signature pages and supporting documentation to the Financial Aid Office at Algoma University by June 30. Generally, applications and documentation take 4 – 6 weeks to process. In order to ensure that funding is available for the start of classes in September, we must have all paperwork to complete the OSAP application by June 30.
Students can select a “no loan option” after they complete their full-time OSAP application. This option is available on the “Funding Summary” section of the online OSAP application. Alternatively, students may complete a Request for Grant Only (PDF) form and submit it to the Financial Aid Office.
Nothing. The Financial Aid Office at Algoma University confirms your enrolment electronically with the Ministry. The Confirmation of Enrolment process is completed before the start of studies in the Fall and again in the Winter for those students whose application is complete.
Your enrolment may not have been confirmed for any of the following reasons:
- You are not registered in both the fall and winter semesters, but have applied for OSAP for both the fall and winter;
- You are not registered in a 60-100% course load required for full-time OSAP;
- You have outstanding supporting documents that must be provided to the Financial Aid Office. Visit the OSAP website, and go to “check status” to determine what is still outstanding on your file.
The Financial Aid Office will need to make the change for you with written consent. Please contact the Financial Aid Office to inform us of the change to be made, your name, and student number. We will respond in 1-2 business days with instructions on what must be provided to make the change.
Students who have previous loans can keep them interest-free while continuing full-time studies of they choose not to apply for OSAP for their current term. A Continuation of Interest-Free Status Application can be completed online by logging into the OSAP website or by paper. Student are encouraged to apply online. Students can submit the application up to 15 days prior to their study period start date.
Dropping a course will typically result in an adjustment to the amount of a student’s OSAP entitlement. In addition, students need to ensure they remain in a full-time course load (60%, or 40% for students with a Permanent Disability).
You can drop by the Financial Aid Office to retrieve your OAN and/or have your password reset. You must bring valid proof of SIN and one piece of government issued photo ID. Our drop in hours are from 1-4pm weekdays.
You may be able to receive funding through the Part-time OSAP program. The application is available on the OSAP website. Part-time funding may be able to assist with your educational costs, but does not fund your living expenses during your study period.
If you are unable to study full-time for reasons such as a disability or childcare commitment, you may be eligible for an Algoma U Special Bursary. This bursary can offer assistance for costs such as tuition, books, transportation, supplies and childcare. See the Special Bursary Program (PDF) application for eligibility criteria and contact the Financial Aid Office for more information.
The MSFAA must be completed in order to receive OSAP funding. The MSFAA must be brought in person to an authorized post office for processing. You will need to bring your Social Insurance Number card or government document with your SIN on it; a valid government issued photo ID; and a void cheque or direct deposit form from your bank. For a complete list of authorized post offices please visit the Canada Post website.