WebInterest-free status is available for full-time and part-time students. In some circumstances, you need to tell Student Aid that you’re still a student in order to maintain interest-free status. Important Notice Interest accumulation for Canada loans is permanently eliminated as of April 1, 2024. WebContinuation of Interest-free status Academics I am on co-op for the first time in fall, and I need to submit this form so my loans don't start collecting interest but I'm not sure what to enter as the study period. Do I put in the fall term start and end dates? 11 comments 92% Upvoted Log in or sign up to leave a comment Log In Sign Up
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WebTo be eligible for continuation of your interest-free status you must be: A full-time student or registered in a 60% or higher course load per term (40% or higher for students registered with OSAP with a permanent disability); and Enrolled in an OSAP-eligible program. Application Process Your eligibility for interest-free status will be impacted if you withdraw from full-time studies or reduce your course load to less than 60 per cent of a full course load (or 40 per cent if you are a student with a permanent disability). You must notify your financial aid office or the ministry immediately of any changes to … See more If you’re back in school full-time and have previous OSAP loans, then you must ensure that they are placed into interest-free status. When your loans are in interest-free status, … See more If your application is approved, your existing full-time loans from OSAP may be eligible to be placed into interest-free status. The National Student Loans Service Centre (NSLSC) and/or the financial institution(s) … See more To be eligible for CIFS, you must meet the following criteria: 1. You have outstanding full-time loans issued from OSAP. This includes: 2. You are … See more Use the Continuation of Interest-Free Status Application. There are two ways to apply: 1. online 2. on paper See more ffxiv orchestration box
Co-op and Financial Aid - Awards and Financial Aid
WebInterest Free Status Purpose Use this application to keep any previous student loan received through OSAP interest free and non-repayable as you continue with your full-time studies. You use this application when you do not want to receive funding for the current or upcoming academic session. WebContinuation of Interest-Free Status. The National Student Loans Service Centre (NSLSC) needs to know that you are enrolled and in school full-time for your loans to remain interest-free. If you have applied for OSAP and … WebNov 25, 2024 · Process and Deadlines for Continuation of Interest-Free Status on Full-Time Loans OSAP loans are payment and interest-free while a student attends post … ffxiv orchestration