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OSAP - Amount of money you can make without losing loans?


jcman

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Is there a maximum you can make during a summer or during the year before OSAP starts to deduct from your loan?

 

Yes there is and you can explore the combinations with their online calculator - its just off the main osap page - "online aid estimator". For med students though it is pretty hard to significantly impact it with standard summer earnings though.

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If my name is on a joint account with money in it, even if the money isn't mine, does that influence OSAP?

 

If you haven't earned the money, then it does not influence OSAP. If it is YOUR money, then they deduct. However, it is your responsibility to report your income to OSAP.

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If you haven't earned the money, then it does not influence OSAP. If it is YOUR money, then they deduct. However, it is your responsibility to report your income to OSAP.

 

exactly - it isn't like they can actually check a lot of these things (well except for the obviously registered things). They are counting on you to be honest, so if honestly the money isn't yours don't report it :)

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