Ontario Student Opportunity Grant (OSOG)
The Ontario Student Opportunity Grant helps students reduce their annual student loan debt by limiting a student's repayable debt to:
- $7,300 for a two-term academic year
- $10,950 for a three-term academic year
Determining OSOG grant amounts is an automatic process that is performed annually by the Ministry of Training, Colleges and Universities. The grant is paid directly to the National Student Loan Service Centre (NSLSC) to pay down a portion of a student's loan balance. The OSOG grant is usually applied to a student's loan account the year after a student has borrowed. For example, if you had an OSAP loan for the 2014-15 academic year, your OSOG would be processed in late 2015 or early 2016.
Students are eligible once their, and their parents' or spouse's income (if applicable), is verified with the Canada Revenue Agency (CRA). If students (or parents/spouses) are late in filing income taxes, OSAP will keep checking with CRA and will process OSOG once the income taxes have been filed. Income tax returns must be filed with the Canada Revenue Agency within six years of the end of the academic year for a student to remain eligible for OSOG.
During a student's study year, it is important to report income accurately, and report any updates throughout the school year. Overpayments may limit the amount of an OSOG award, or make the student ineligible.
Dropping courses or withdrawal from studies before the end of the semester can also make a student ineligible for OSOG. Please contact the Financial Aid office before you make changes to your course load.
Check your OSOG Status
Students may check their OSOG eligibility on the OSAP website, and check their OSOG payments on their loan account on the NSLSC website.
Additional information on Ontario Student Opportunity Grant (OSOG) can be found on the OSAP website.