The province has decided to open Ontario Student Assistance Program (OSAP) loans — making this the earliest that applications have ever been open.
The province recently released a statement saying that OSAP applications are now open for the 2018-2019 school year. That’s right, OSAP applications are now open for post-secondary students seeking loans.
Students will be able to get a head start on asking the province for student loans to pay their way through school.
“Students can apply for free tuition earlier than ever,” reads a news release from the province. “This year, more than 210,000 full-time university and college students are receiving free tuition for the first time ever.”
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This early launch of OSAP applications is a whopping four months earlier than the application is usually launched, and the province has seen applications up by almost 20 per cent for the 2017-2018 school year.
“Almost all students who receive OSAP get some or all of their funding as a grant — money they will never have to pay back.”
This is no secret – when the province announced free tuition for many students, students who had graduated mourned the fact that they’d lost out on such an incredible and absolutely necessary initiative, while students going into college or university or who had at least a year left of school rejoiced.
What’s more is for the part of the loan that students will be required to pay back, students will not have to start repaying the Ontario portion of their student loans until they are earning a minimum of $35,000 a year, a $10,000 increase from the previous minimum of $25,000.
So anyone planning to be in school from 2018-2019 can get a head start on applying for student loans and vying for free tuition.
Students who want to apply for OSAP can click here.