Posted: 7:01AM January 16, 2011 UTC • Edited: 7:01AM January 01, 1970 UTC
The affects of OSAP vary with every student, it really depends on what you do after school and how much money you're making. OSAP offers options of paying back your loan over a nine or fifteen year period but obviously you can pay it back faster if you so decide, which will cut back on interest. I personally haven't had any problems with OSAP so far except for them nagging me to apply for bursaries and scholarships that I'm not legible for, which is really annoying. Though a few of my friends in Toronto have had problems of OSAP saying that they overestimated the amount of money they were to recieve and wouldn't be giving it to them, but as long as they file for an appeal they can get all that OSAP promised. So it's a pain the in butt, but at least you'll be getting what you need. As for the other companies and whatnot I really haven't got a clue. Hopefully what I've said comes in handy though.
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