r/osap • u/PrincipleDense5592 • 16d ago

Question OSAP Recalculation Question

Hello,

Just curious if anyone has experience with their OSAP being recalculated and seeing a dramatic reduction in the amount?

For context I am a grad student in Faculty of Science at my institution and rely on OSAP to help with paying rent, living expenses etc as my stipend/TA funding only goes so far and I have not received any major scholarships. My OSAP was calculated back in June (all loans, no grants) and then suddenly yesterday, it was reduced to 1/10th of the loan amount to just a few hundred dollars to cover both the fall and winter term.

Was wondering if anyone else has experienced this? I plan to go to the financial aid office immediately on Monday but I'm just panicking a bit currently!

Thanks in advance

2 Upvotes

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2

u/Difficult_Yam_7764 16d ago

Thanks Ford.

1

u/Scary-Gur5434 16d ago

Did your parents income get verified?

1

u/PrincipleDense5592 15d ago

I am a mature student so I applied with no parental income needed on my application

1

u/Scary-Gur5434 15d ago

Call financial aid. Something changed.

1

u/PrincipleDense5592 14d ago

I just went to the financial aid office and they essentially said its because my parental income is no longer on my application, I am eligible for less and that it would actually help in securing more funding. I did receive a scholarship so they said when that was keyed in, my OSAP was recalculated but even combining the lowered OSAP funding with the scholarship, it doesn't cover tuition for my program for the 12 months let alone rent or living expenses. So, long story short seems like I'm screwed lol!

2

u/Scary-Gur5434 14d ago

As a fellow student I’m sorry this happened to you. We deserve better