MirthfulKitten Posted June 29, 2012 Report Share Posted June 29, 2012 Hi everyone, I am starting the occupational therapy program at U of T in September, and I have a few questions about OSAP. I worked all throughout undergrad, so I've only accumulated $7000 worth of loans at this point, but since I was in school all this summer, this is the first school year that I will be starting with no money saved up whatsoever. I have been given an estimate of $16,500 for the period of September to July 27th (2012-2013), but I have been told that typically OSAP only makes you pay back $7000 of it each year. Can anyone verify that this is true? Would this hold true for me even though I have not taken out much OSAP in the past? If this is the case, is there any incentive for me whatsoever to get a part-time job (like I was planning on doing), since OSAP will claw away at the free money before it claws away at the loan money? I'm very confused about this whole process and I want to be as smart as possible with this. Any advice you might be able to offer me would be greatly appreciated! Thanks! Link to comment Share on other sites More sharing options...
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