July 2017’s OCAD U Insider e-newsletter contained information about the structure and delivery changes to the Ontario Student Assistance Program (OSAP). These changes are aimed at increasing access to post-secondary education for students from low- and middle-income families, by making average tuition for the majority of eligible students (whose parents make a combined household income of less than $50,000 per year), free.

Around OCAD U, the first phase of these changes was referred to as Net Tuition. This term simply means that a student’s up-front OSAP grant — as well as any aid provided by the institution — is taken into consideration when calculating the student’s bill. This phase was implemented in the Fall 2017 academic term.

The second phase of these structural changes, called Net Estimates, is now underway. This phase impacts the undergraduate application process. Applicants will now have the ability to compare estimates for each program and institution they submitted an OSAP application for via an online funding comparison tool.

In April/May 2018, net estimates will be mailed to first-year applicants who have completed an OSAP application for a publicly assisted college or university prior to the deadline to accept college/university offers of admission. If available, potential institutional award information will be included with net estimates.

The advantages of communicating the net estimate amount to applicants are important. Despite benefiting from one of the most generous financial aid programs across Canada, many Ontarians are unaware of the net price of tuition and grossly overestimate the costs of attending postsecondary education, especially those from low-income families.

In concert, these changes allow the Ministry of Advanced Education and Skill Development (MAESD) to present a dramatic message to students and families in Ontario: those students from low- and middle-income families can expect to enjoy free tuition.

Questions from applicants are anticipated. To ensure applicants get the most up-to-date and accurate information, staff and faculty must direct their inquiries to Admissions & Recruitment at admissions@ocadu.ca or 416-977-6000, Ext. 4869.

Thanks for your cooperation as we undertake this important transition.

Date: 
Thursday, January 25, 2018 - 11:34am
Display Location: 
Image: 
OSAP Update
Constituency: 
OSAP Update
OSAP is Changing, Part 2: Net estimates
Thursday January 25th, 2018

July 2017’s OCAD U Insider e-newsletter contained information about the structure and delivery changes to the Ontario Student Assistance Program (OSAP). These changes are aimed at increasing access to post-secondary education for students from low- and middle-income families, by making average tuition for the majority of eligible students (whose parents make a combined household income of less than $50,000 per year), free.

Around OCAD U, the first phase of these changes was referred to as Net Tuition. This term simply means that a student’s up-front OSAP grant — as well as any aid provided by the institution — is taken into consideration when calculating the student’s bill. This phase was implemented in the Fall 2017 academic term.

The second phase of these structural changes, called Net Estimates, is now underway. This phase impacts the undergraduate application process. Applicants will now have the ability to compare estimates for each program and institution they submitted an OSAP application for via an online funding comparison tool.

In April/May 2018, net estimates will be mailed to first-year applicants who have completed an OSAP application for a publicly assisted college or university prior to the deadline to accept college/university offers of admission. If available, potential institutional award information will be included with net estimates.

The advantages of communicating the net estimate amount to applicants are important. Despite benefiting from one of the most generous financial aid programs across Canada, many Ontarians are unaware of the net price of tuition and grossly overestimate the costs of attending postsecondary education, especially those from low-income families.

In concert, these changes allow the Ministry of Advanced Education and Skill Development (MAESD) to present a dramatic message to students and families in Ontario: those students from low- and middle-income families can expect to enjoy free tuition.

Questions from applicants are anticipated. To ensure applicants get the most up-to-date and accurate information, staff and faculty must direct their inquiries to Admissions & Recruitment at admissions@ocadu.ca or 416-977-6000, Ext. 4869.

Thanks for your cooperation as we undertake this important transition.

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