Distancea Posted June 29, 2018 Report Share Posted June 29, 2018 Hey all, Anyone know whether having a car financed under my name would affect the amount of OSAP loans I would be getting? I called and all I could get was "I am not sure about that" from the financial aid department of McMaster. Anyone have had any experience with this? Link to comment Share on other sites More sharing options...
iFlayx Posted June 29, 2018 Report Share Posted June 29, 2018 Nope! You get the same amount of OSAP. Link to comment Share on other sites More sharing options...
robclem21 Posted June 29, 2018 Report Share Posted June 29, 2018 A car is no longer considered an "asset" by OSAP (as it used to be), so no, it will not affect the amount of loans/grants you qualify for. Link to comment Share on other sites More sharing options...
Distancea Posted June 30, 2018 Author Report Share Posted June 30, 2018 Thank you guys for the help. Link to comment Share on other sites More sharing options...
rmorelan Posted July 1, 2018 Report Share Posted July 1, 2018 On 6/29/2018 at 7:03 PM, robclem21 said: A car is no longer considered an "asset" by OSAP (as it used to be), so no, it will not affect the amount of loans/grants you qualify for. and thank goodness for that - they used to have a stupid system where the value of the leased car count against you and in that case you didn't even own the car ha, and ignored any loan taken to actually get the car. Link to comment Share on other sites More sharing options...
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