FINANCIAL AID INFORMATION FINANCIAL AID INFORMATION Cambrians goal - - PowerPoint PPT Presentation
FINANCIAL AID INFORMATION FINANCIAL AID INFORMATION Cambrians goal is to help as many students as possible i Award In the 208-20 academic year, Cambrian awarded: dates: 250+ unique awards/scholarships including: FALL November
FINANCIAL AID INFORMATION
Cambrians goal is to help as many students as possible
In the 208-20 academic year, Cambrian awarded:
250+ unique awards/scholarships including:
Over $1,000,000 was awarded to Cambrian students through awards and scholarships
Award dates:
FALL November WINTER February
SCHOLARSHIPS, BURSARIES, AND AWARDS
Many awards are based on merit, such as GPA, extra-curricular activities, and volunteer activities. Cambrian receives awards that you can apply to from companies across the world. Browse awards online
cambriancollege.ca/studentawards
SCHOLARSHIPS, BURSARIES, AND AWARDS
SCHOLARSHIPS, BURSARIES, AND AWARDS
What’s the difgerence between scholarships and bursaries?
SCHOLARSHIPS
Non-repayable awards given to recognize the high level of academic excellence achieved.
BURSARIES
Non-repayable awards allocated
undue emphasis on academic standing.
SCHOLARSHIPS, BURSARIES, AND AWARDS
Where do I go to apply for awards?
Entrance awards can be found on the “Admissions” tab in your myCambrian account. You can apply for these prior to coming to Cambrian. All other awards open for application in early August and can be found on the “Student” tab in your myCambrian account.
SCHOLARSHIPS, BURSARIES, AND AWARDS
Is it hard to apply for awards?
No, it’s easy! We encourage all students to apply because many awards go unclaimed. Cambrian awards more than 250 unique bursaries each year with a combined value of more than $1,000,000.
SCHOLARSHIPS, BURSARIES, AND AWARDS
Do I have to wait to be in class at Cambrian in order to apply?
you can apply for entrance bursaries through your myCambrian account.
SCHOLARSHIPS, BURSARIES, AND AWARDS
Do I have to be on OSAP in order to recieve financial need?
expenses are greater than the resources you have available for your studies, you will be eligible for fjnancial need bursaries.
SCHOLARSHIPS, BURSARIES, AND AWARDS
I’m attending Cambrian College, can I apply for an entrace award?
account by clicking on the “Admissions” tab.
Entrance awards are:
Available as early as March Bursaries that often require a short essay Range in value between $500 to $1000 For all students, but some are limited to students in a specifjc program or those who are single parents
SCHOLARSHIPS, BURSARIES, AND AWARDS
If you are selected to recieve an entrance award, you will be notified before you start your studies at Cambrian. Often times recipients use entrance awards to help with their tuition deposit.
SCHOLARSHIPS, BURSARIES, AND AWARDS
Joyce Foundation Access Bursary
If you are 20 years of age or younger, you could receive a $,000 bursary prior to the start of your classes that is renewable for up to three years.
SCHOLARSHIPS, BURSARIES, AND AWARDS
Can I still win an award if I have a poor GPA?
This will give you an equal opportunity to win an award.
Do poor essay writing skills impact my chance at receiving an award?
committee isn’t necessarily looking for proper sentence structure or grammatical defjciencies. They are instead looking for you to write your essay based on the topic requested, from your point of view or
SCHOLARSHIPS, BURSARIES, AND AWARDS
SCHOLARSHIPS, BURSARIES, AND AWARDS
Visit our webpage for more information!
cambriancollege.ca/studentawards
FINANCIAL AID INFORMATION
OSAP
OSAP
What is the Ontario Student Assistance Program (OSAP)?
OSAP is a fjnancial aid program provided by the government (federal and provincial) that helps students to pay for college. OSAP is set up to pay any outstanding tuition fjrst, the remaining amount is given to you.
There are two difgerent types of funding:
Grants (money you don’t have to pay back) Loans (money you need to repay)
OSAP
What do I need to do before applying to OSAP?
Before applying for OSAP, please have the following information available:
Social Insurance Number (SIN) Information about the school and your program Date you last attended high school on a full-time basis Your income tax return or Notice of Assessment Your partner or parents’ SIN and tax information (if applicable)
OSAP
When is the best time to apply for OSAP?
The best time to apply for OSAP is AS SOON AS POSSIBLE when applications open. When applying, please make sure to indicate that your classes start after August 1, 2020, and that you are only applying for
Be aware that your OSAP assessment can change year to year.
OSAP
How do I apply for OSAP?
You apply online at osap.ca. You can either apply for full-time or part-time OSAP . You must submit your OSAP application no later than the day before 60 days from the end of your study period (61 days). Note that you will need to apply for OSAP every academic year.
OSAP
Financial Aid Estimator Tool
If you do not want to apply for OSAP yet but would like an idea of what you are eligible for, use the aid estimator to see how much you could get in grants and loans!
OSAP
What if I can’t log in because it says I already have an OSAP log in?
If you have previously applied for OSAP , or have received certain scholarships or bursaries, you may already have an OSAP Access Number (OAN). OSAP requires that you use the same OAN every time you apply or log in.
OSAP
If you do not have your OAN Number, or require your password to be reset, please visit the Enrolment Centre with a piece of valid government issued photo ID (driver’s licence, passport, etc. and your SIN card.
If you do not live in Sudbury, you can go to the closest public educational institution with a Financial Aid offjce that processes OSAP . They can provide assistance.
OSAP
How can I check the status of my application?
To check your application status, simply log in to your OSAP account to see your fjle and if any updates have been added. This is where you will fjnd out if there are any errors within your application or if the Ministry (OSAP) requires any additional information from you before they can process your loan.
Your status will be updated throughout the assessment and confjrmation of enrolment process. Once your status is listed as ‘enrolment has been confjrmed’, the National Student Loans Service Centre (NSLSC) will be given your funding information and they will start to process the payments to your bank account.
OSAP
What is an ‘Independent Student’ classifjcation?
Independent students will now be defjned as a student who has been out of high school for six years (previously four years). This means that if you have been out of high school less than six years, you will need to report your parents’ income on your OSAP application.
OSAP
How do I submit documentation that’s needed?
You’ll complete the signature and declaration forms for yourself and your parents/spouse (if applicable). You must submit all form pages. You will then upload your documents to your OSAP application, or bring them in person to the Enrolment Centre.
Additional documents noted on your OSAP application that you have to submit could include:
Marriage licence Birth certifjcates for children Proof of disability Academic progress documents
OSAP
Your financial aid offjce must receive all documents no later than prior to 40 days from the end of your study period.
OSAP
Am I allowed to work while on OSAP?
You are allowed to make up to $5,600 per semester while on OSAP. If you are studying for two consecutive semesters (i.e. September to April) you are allowed to make $11,200. Anything over that may affect your funding and must be reported to Financial Aid via the Enrolment Centre.
OSAP
How or when do I confjrm my enrolment with OSAP?
Confirmation of enrolment is done by the College. Confirmation of enrolment happens once you are registered for your program (picked your timetable.
The only time confjrmation does not happen upon registration is when you register when it fjrst opens. Enrolment confjrmation can start as early as 15 days prior to when classes begin.
OSAP
Once your enrolment is confirmed, funding is deposited between three to fjve business days after the negotiable date (this is usually one week before classes start.
Typically, you will receive 60% of your entitlement for the fjrst semester and 40% for the second semester. OSAP only comes in two installments. If you are in a three semester program, you will still only get two installments. You will be required to pay your tuition for the third semester with the money already provided by OSAP.
OSAP
When do I have to start paying OSAP back and how?
You must start repaying your loan six months after there is a break in full-time study (full-time as defjned by OSAP). You will make payments to the National Student Loans Service Centre (NSLSC), not to OSAP .
You can delay repayment if you complete a Continuation of Interest-free Status Application through the OSAP website. Once OSAP authorizes the funding portion, the NSLSC is responsible for the distribution and repayment of student loans. You must go through the NSLSC for access to your loan and loan information.
OSAP
How do I access my NSLSC account?
You will need your Master Student Financial Assistance Agreement (MSFAA) number to access your NSLSC Account. The MSFAA number is found in your OSAP application.
OSAP
Once you gain access to your NSLSC account, you can:
Check the status or your loan and the balance Update your contact information Apply for repayment assistance Request a change to the terms of your repayment Update your banking information