EDUCATION Toda day we wi e will pr provid ide e some e tip - - PowerPoint PPT Presentation

Toda day we wi e will pr provid ide e some e tip ips for r stude dents ts to hel elp p fun und d thei eir ed educ ucat ation! ion! However er, they should ld chec eck wit ith the sc e school hool they wil ill be at e atten endi ding g for r add ddit itio ional det detail ils

FUNDING POST-SECONDARY EDUCATION

FU FUND NDING NG POST-SECOND SECONDAR ARY Y EDUCA UCATION TION

• Entra

trance nce Awar wards ds – Our deadli line ne was mid-Ma May y have your stude udent nt/s s contact ct the school l they y will be at attending nding for inform

• rmati

ation n on fundi nding ng and deadlines nes

• Entra

trance nce Scholar arsh ships ps – usua ually y based on high h school grades es with th no need to apply, , but be s sure re to check! k!

• OSAP – you’ve likely heard about the changes
• In course

se funding nding - Scholarships hips, Bursa sarie ries s and Awar wards ds, , Indi digeno enous us Stude udent nt Bursa sarie ries, s, Ontario ario First st Genera ral Bursar sary, , et etc

OSAP APPLICATIONS FOR 2019/20 ARE NOW AVAILABLE ON- LINE AT HTTPS://WWW.ONTARIO.CA/OSAP APPLY EARLY BUT REMEMBER MOST STUDENTS WILL REQUIRE THEIR PARENT’S OR SPOUSE’S 2018 INCOME TAX INFO NON-TAXABLE INCOME MUST BE DECLARED FOR OSAP PURPOSES BUT NOT PSSSP

WHA HAT IS OSA SAP? P?

WHA HAT IS OSA SAP? P???

A financial aid program that can make it easier for students and families to go to college or university Both loans (repayable) and grants (non- repayable) are available by applying on one on- line application There are less grants available this year as you likely have heard 

• OSAP includes:

▪ Grants, bursaries and scholarships = non-repayable aid (you keep) ▪ Loans = repayable aid (you pay back)

Loan s Grant s

WHA HAT IS OSA SAP?

• To be eligible for OSAP, a student must be:

✓ A Canadian citizen, permanent resident

• r protected person

✓ An Ontario resident ✓ Currently attending or entering an

OSAP-approved program and school

✓ Currently enrolled in or entering a

certificate, degree or diploma program

• You must meet all of these four criteria.

ELIGIBL IBLE E FOR OSA SAP?

All llowab able e Educa cati tional

• nal

Costs sts Ex Expect cted ed Fin inanci ncial Contri tribu buti tion

• n

Calculat lculated ed Fin inanci ncial Need minus inus equal als

✓ Tuition & compulsory

fees

✓ Books & supplies ✓ Equipment ✓ Computer costs ✓ Personal living

expenses

✓ Child care ✓ Travel ✓ Student

contribution

✓ Student, parental

& spousal income

✓ Student &

spousal assets

HOW IS OSAP AID DETERMINED?

Educa cati tional

• nal Costs

sts $15,000 Fin inanci ncial Contri tribu buti tion

• n

$3,000 Fin inanci ncial Need $12,000

EXAMPLE OF HOW OSAP AID IS DETERMINED

Maximum OSAP Assistance Levels for 2019/20

Weekly 34-week program (2 school terms) Single dependent and independent students Up to $400 Up to $13,600 Married students and sole support parents Up to $680 Up to $23,120 Students studying outside of Canada Up to $210 Up to $7,140

*Amounts are based on both federal and provincial aid. **The Government of Canada provides $210/week in loans for all student

• types. (This is already included in the funding above.)
• The amount of OSAP aid you qualify for is based on your

calculated financial need.

HOW MUCH MONEY CAN I GET FROM OSAP?

THE OSAP ESTIMATOR

https tps://www.on

• nta

tari rio.c .ca/pa page/osap sap-on

• nta

tari rio-studen student-ass ssist stance nce-pr progra ram

HOW TO I APPLY FOR OSAP?

• When stude

udent nts s apply y for college or university ty thr hroug ugh h the college or university ty application centre (OCAS/OUAC), they will be directed to OSAP’s website, where they y can regist ster r and set et up their eir profile.

• Registr

strati tion n is free! e!

• Encourage

urage your stude udents nts to Apply y early! ! Stude udent nts s typica picall lly y apply y right ht after r being accepted ed to college or univer ersity sity but June 30th

th is an o

• ffici

cial al deadline ne date (to have OSAP funding nding in Septembe mber r when class sses es start)

ST STEPS S TO O APPLY FOR OR OSA OSAP

Go to ontario.ca/osap. Click “Register” to create your profile. We’ll let you know when it’s time to apply.

Once you create an OSAP profile, you will be assigned an OSAP Access Number (OAN).

1 2

Log in and click “start new app” to fill out the application.

3

Gather all required documents. (Closer to the start of the 19/20 academic year, you’ll be

provided with a list of supporting documents you will need to provide)

4

Upload your documents

• nline, or mail/deliver them

to your financial aid office.

5

Complete your MSFAA online after receiving the email from the National Student Loans Service Centre three days after applying

The Master Student Financial Assistance Agreement (MSFAA) is your lifetime loan agreement.

6

Track the status of your application

• nline, and learn how much money

you’ll get and when. You can even do this from your phone!

7

NOTABLE CHANGES FOR 2019/20

SELF-IDENTIFICATION

SELF-IDENTIFICATION

Provi vide e a copy of ONE of the following ing doc

• cumen

ments: s:

• Statu

tus s Card

• Band

d membe mbersh ship ip car ard

• Red

d car ard

• Confir

irmation mation of band d funding (for exam ample le, PSSSP)

• Memb

mber ersh ship ip car ard from

• m a provi

vincia ial l affil ilia iate e of the Congress ess of Ab Abor

• rig

iginal inal Peoples les

• Citizen

izensh ship ip car ard issued ed by a Met etis is Natio ion of Canada ada gover erning ing memb mber er (ie. MNO)

• Land

d claim aim benef eficia iciary car ard

• If they do not
• t have

e one of the offic icia ial l doc

• cume

ments ts listed ed abo bove, e, they may provi vide e an affida idavit it confir irmin ming their ir Indigen igenous

• us iden

entity ity, , inclu luding ding an expla lanat atio ion of why offic icia ial l doc

• cume

mentatio tation is not

• t avail

ailable ble.

• NOTE

TE: DNA NA test t resul sults s will ll not

• t be accepted

ed

SIX YEARS OUT OF HIGH SCHOOL = INDEPENDENT

INDEPENDENT FOR FEDERAL FUNDING AND DEPENDENT FOR PROVINCIAL FUNDING

If a s stude udent nt has been out of high h school l for four r years, s, he/she she can apply ly for federa eral funding nding only witho thout ut including uding parents nts inf nfo. New this year, a s student udent must st be o

• ut of high

h school

• l for six

x years, s, be m marri ried d or have a c child d of his/he s/her r own to be c consi side dered red for provincia vincial funding ding witho thout ut parents nts income info.

YOU MUST ST REPORT PORT CHA HANG NGES ES

Cha hanges nges tha hat t could uld affect ect your

• ur curr

rrent ent and d fu future ture loans: ans:

 Income come Cha hanges nges

• Loss or gain of emp

mploymen yment

• Change

ge in pay ra rate or h r hours

• Change

ge in parents ts income me

• Change

ge in spouses ses income

• me

 Stat tatus us Cha hanges nges •Marriage,

ge, Separat ation ion, Divor

• rce

ce

• Common

mon-La Law, , Childr dren en

• Changes

ges must t be reported ed for yoursel self, f, your parents/ ts/spo spouse use /depen endent dents

 Cour

• urse

se Loa

• ad

d and/ nd/or

• r

Progra

• gram

m Chang anges es

Withd hdrawal als, s, transfer er credits ts, challen enge ge exams ms

You u MUST mainta ntain n successf cessful ul academic mic progre gress ss while in school

• l to avoid

d disru srupti ption n to your stude udent nt loan. Failure ure to mainta ntain n a f full-ti time e course se load (or 40% for stude udents nts with h disa sabilities) es) and succe cess ssfu ful academic mic progress ress can result ult in the loss s of curre rent nt and/or

• r futur

ture funding nding.

Comple

• mpleting

ting You

• ur

r Ed Education ucation

BURSAR ARY Y FOR STUDENTS NTS WI WITH DISAB ABILIT ILITIES IES

Up to $20,000 is available to assist with accommodations related to a student’s disability – computers, tutors, note takers and computer equipment (Keep in mind with the federal

election taking place in October this may remain at the current $10,000)

Contact the Accessibility Services Office early to begin making plans for the fall

Feel free to contact us at 705-759-2554, ext. 2704 or email us at student.financial.assistance@saultcollege.ca Or contact the Financial Aid Office at the school your student will be attending