Normally, OSAP grants are money you don’t need to pay back.
However, all or part of your OSAP grants may be converted into a loan if: you withdraw from studies or stop taking the minimum course load within the first 30 days of starting school.
Do I have to pay back grants if I drop out?
Along with scholarships, grants are the best type of financial aid because they do not have to be repaid when used to pay college expenses. However, if you drop out of college, you may have to repay a portion of your Pell Grant award.
Do you have to pay all of OSAP back?
Who needs to start repaying. You may need to start paying back your OSAP loan six months after your study period ends. You’ll be making payments to the National Student Loans Service Centre ( NSLSC ), not to OSAP . OSAP for Full-Time Students.
Do you have to pay back a student grant?
Explore your options for grants, scholarships, federal loans, and THEN private loans. Loans consist of money that the student borrows to help pay for college, and must be repaid with interest. Unlike loans, grants do not have to be paid back under most circumstances.