grants vs loans OSAP :)

jessicadonnan
Posted: 7:06AM June 01, 2011 UTC
i just got my osap amount today not the estimate but the final and it included the breakdown of everything and im not sure what i will have to eventually pay back and what i dont have to. And can i just take the grants and nt the loans or just take some of the loans, and what if i just won a scholarship and a bursary do those need to be reported.? sorry about all the questions i will also include the little chart that says the grants and loans so if anyone here knows anything about osap they could look at it and tell me ..

Canada Ontario Intergeated Student Loan.........$6,825
Canada student grant for persons from middle income families.....$791
Ontario Access Grant....$1,303
Travel Grant...$300

to whoever can answer me crazy questions thank you so much
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North
Posted: 7:06AM June 01, 2011 UTC
@jessicadonnan wrote
i just got my osap amount today not the estimate but the final and it included the breakdown of everything and im not sure what i will have to eventually pay back and what i dont have to. And can i just take the grants and nt the loans or just take some of the loans, and what if i just won a scholarship and a bursary do those need to be reported.? sorry about all the questions i will also include the little chart that says the grants and loans so if anyone here knows anything about osap they could look at it and tell me ..

Canada Ontario Intergeated Student Loan.........$6,825
Canada student grant for persons from middle income families.....$791
Ontario Access Grant....$1,303
Travel Grant...$300

to whoever can answer me crazy questions thank you so much



You need to pay back the loans. Not the grants. The rest I don't know about since I'm not applying for OSAP.
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Anonymous
Posted: 7:06AM June 01, 2011 UTC
Anything that says bursary, scholarship or grant is yours and does not get payed back.

Although if it says loan that means you will pay it back.

OSAP does usually give you a breakdown of what will be your re-payable amount.
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Anonymous
Posted: 7:06AM June 02, 2011 UTC
The loans and grants are a package deal - you get the grants in addition to the loans, so no, you can't just choose the free money and not take the loan.
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