Grant Only Funding
You can request a review for grant funding only. The Request for Grant Only Funding form is available to you through a link on the funding summary in your OSAP application.
If you select this option, you will receive grant funding only and the loans will not be released.
Requests received before the first term
To decline the first installment of your loan your form must be received by the Financial Aid and Student Awards office no later than 40 days before the release of your 1st loan installment.
For example:
You applied for OSAP for the Fall term and you are eligible to receive loans and grants. In August, you decide that you don’t want to receive the loans. Since we received the request before we confirmed your enrolment, we can amend your application to ensure that the loan portion of your funding is not released.
Requests received after the first instalment has been issued
If we receive the request after your funds have been issued, we can’t call back the loan. If you wish, you can pay it back to the NSLSC immediately. We can only process the request for your next instalment of funding. To decline the second installment of your loan your form must be received by the Financial Aid and Student Awards office no later than 40 days before the release of your 2nd loan installment.
For example:
You have already received your funds for the Fall term, including loans, but you don’t want to receive the loan portion of your funding for the Winter term. You must provide the request to our office 40 days before we confirm your enrolment for the second term in order to ensure that your loan for the Winter term is not released.
Reversing this decision and taking the loan after all
If you asked to receive the grant portion of your funding only but decide that you need the loans after all, simply contact the Financial Aid and Student Awards office to make the request. Even if your funds for both terms have been issued, we can still request to have the loans issued as well. Important: you must submit your request at least 40 days before the end of your study period.
For example:
You applied for OSAP for the Fall term and requested to receive grant only funding. Your funding was released in September and it included the grants only. You also received the grants for the Winter term without receiving any loans. It’s now March and you decide that you need additional funds. If this occurs, you can request to have the loan funding for both terms issued to you. You must submit your request 40 days before the study period end date.