Hey, I was wondering if payments to your loan can only be made once your graduate or are not a student anymore? I currently have around a 3500 loan and with the way things have been working out lately, I definitely can afford to pay it off, however I am not graduating (far from it- I'm in 1st year). I tried to look for this information on the OSAP website, but was unable to find it. I just think it'd be great to pay it off now rather than wait 3 years and have a much larger amount built up.
Warning though. My sister started paying back her OSAP after first year and they knocked back her next year OSAP amount by a landslide...I assume it is because they think you have the money. ??? Could be wrong though.
Take the money and any loans they may give you in subsequent years and invest it. Gov't is giving it to you interest-free for 4 years. Put it in some conservative investment and under a TFSA account so no tax. Then once you graduate, pay it all off in one lump sum.