Welcome to the Georgian College Financial Aid office
Your success matters to us
We recognize that postsecondary education is an investment in your future and that paying for your education can be costly, stressful and lead to less time spent on your studies. We offer a variety of services to help you meet your financial responsibilities, including OSAP and related programs, bursaries and emergency funding. We also act as liaisons with the National Student Loan Service Centre and the Student Financial Assistance Branch.
The Financial Aid office is located inside the Office of the Registrar at the Barrie Campus. Office hours are Monday to Friday 8 a.m. to 4:30 p.m. Staff members in the Office of the Registrar at our other campus locations are available to assist with general inquiries.
Deposit options and payment deadlines are listed on your Georgian College invoice. OSAP funding is not available to cover the deposit. For more information about tuition deadlines, fees and registration please visit Tuition and Related Fees
OSAP/Ministry of Training, Colleges and Universities Student Financial Assistance Branch:
- Assess applications and determine eligibility and financial need
National Student Loan Service Centre:
- Your OSAP lender
- Provides OSAP eligible funds to students
- Provides repayment assistance
- Jennifer Feggi – Financial Aid Officer
- Carol Bird – Financial Aid Officer
- Ashlee Armstrong – Financial Aid Officer
- Sydney King – Financial Aid Officer
- Alison Jardine – Financial Aid Officer
- Sheryl McLean – Financial Aid Officer (Orillia Campus)
- Cindy Mutchler – Manager
Ontario Student Assistance Program (OSAP)
Need help paying for school? Check out the Ontario Student Assistance Program (OSAP). OSAP provides assistance through loans and grants based on your calculated financial need.
The purpose of OSAP is to supplement, not to replace, the financial resources the student (and/or his/her family, if applicable) is expected to contribute. OSAP is not intended to meet all educational and living costs. Planning, saving and budgeting is your key to success.
For complete OSAP information and application, please visit www.osap.gov.on.ca.
Who can apply?
Canadian Citizens, permanent residents and protected persons who are residents of Ontario.
When applying for OSAP please have the following available:
- Social insurance number
- Date you last attended high school on a full-time basis
- Driver’s licence number
- Make, model, year, licence plate number and current gross market value of all vehicles owned or leased by you (and your spouse if applicable)
- Information from partner or parents (if applicable)
- Date of birth – partner or parents (if applicable)
- Access to income tax return – partner or parents (if applicable)
PLEASE NOTE: You can save an OSAP application online and return to it later to finish or add information. Once you have submitted the application for processing, contact Georgian’s Financial Aid office to update your file if necessary.
Step 1: Apply online for OSAP (www.osap.gov.on.ca)
You will need your Ontario Access Number (OAN) and OSAP password to access the application. If you are a new user, you will need to register to get your OAN and to create a password.
If you have lost or forgotten your OAN or password, take your social insurance card and government-issued photo identification to a Financial Aid office at any postsecondary institution in Ontario to have your password reset. Georgian College campuses offer this service at Barrie, Orillia and Owen Sound.
We recommend you complete your online application and submit all necessary documents a minimum of eight weeks prior to your start date. Application deadlines can be found on the OSAP website.
Step 2: Submit your MSFAA
The application requires you to print, complete and sign a Master Student Financial Assistance Agreement (MSFAA). You must print, complete and sign the MSFAA and take it to a designated Canada Post Outlet. You will need to present your SIN card and Canadian government-issued photo ID or acceptable ID when you do so.
Since it’s a multi-year agreement, it’s more efficient and easier to use. For instance, you won’t have to sign a new agreement the next time you apply for student financial assistance (unless you take a two-year break in study or establish residency in another province/territory).
Step 3: Submit your signature pages and supporting documents
Once you have submitted your OSAP application online, you must print and sign your declaration and signature pages. If your parent(s) or spouse were required to provide information on your application, they will need to sign separate declaration and signature pages. Additional documentation may also be requested at this point.
IMPORTANT: You must complete Steps 2 and 3 for your loan/grant funding request to be processed.
Step 4: Monitor and follow through
After you submit your supporting documentation to the Financial Aid office and your MSFAA to a designated Canada Post Outlet, it is important to check your status through the OSAP website.
Step 5: Pay your tuition fees
The OSAP application gives you the option to allow the Ministry to use a portion of your OSAP funding to pay, on your behalf, your account balance including tuition and compulsory fees. Remember, this is done after your initial deposit is made. Whether or not you choose this option, it remains your responsibility to monitor your student account to ensure that all fees owing are received by the payment deadline date.
Please refer to your Georgian College acceptance package for fee deferral and payment deadline information.
Step 6: Electronic confirmation of enrolment
The Financial Aid office will electronically confirm that you are enrolled as a full-time student. The earliest your enrolment can be confirmed is the start of the study period (i.e., the first day of classes). It is your responsibility to ensure that by this time, you have fully registered in your courses for your study period.
Changes to your OSAP can be viewed through your OSAP account online. It takes approximately 48 hours for your OSAP information to be updated after we process your request.
Once your application has been fully processed and Georgian has confirmed that you are registered into full-time studies, your funding can be released by National Student Loans Service Centre. The funding release date can be found on your online OSAP account. The earliest date for release is generally the first day of your study period but please note it takes seven to 10 business days from the release date before the funds will be in your bank account.
Changes to income
OSAP always verifies your income information and the income of your parent(s) and/or spouse. If the information on your application differs from Canada Revenue Agency records, your OSAP could be re-assessed. If this happens:
- your next instalment of money may change
- you may have to repay money you’ve already received (called an overpayment) before you can receive more OSAP funding
- you may be denied future assistance
Full-time students: You can update your income again before the second term starts. You will receive an email to tell you how to do this.
Changes to your circumstances
If your circumstances or those of your parent(s) or spouse/common-law partner change while you are attending school, you must inform your Financial Aid office of these changes in writing immediately, as they may affect your loan assessment and thus the amount of assistance to which you are entitled. Changes to your circumstances may include changes in your financial or marital status.
Dropping courses or withdrawing
If you withdraw or drop a course(s) and are now taking less than 60 per cent of a full course load (or 40 per cent for students with a permanent disability), you are considered withdrawn and no longer eligible for OSAP for the rest of the study period. You are required to repay your loans six months after the withdrawal. You may have to repay money you’ve already received (called an overpayment) before you can receive future OSAP funding. You will no longer be considered for an Ontario Student Opportunity Grant for the study period. In addition, please see the information on academic progress restriction and probation.
If a reassessment is completed before the second portion of your entitlement is released, the remaining entitlement will be reduced by the amount of the overpayment. If a reassessment is completed after you have received your entire entitlement, the amount of the overpayment may be deducted from future entitlement (if applicable) or you will be required to repay the overpayment. You will be sent a notice of overpayment outlining the reasons for the overpayment, and the steps you must take to repay the loan(s) and/or grant.
Maintaining your student loan
Stay in touch with your lender. Log in to the National Student Loan Service Centre at www.canlearn.ca and register for National Student Loans Service Centre online services. You can then access information about your loans, change your mailing address and contact information and view other personal account information. To contact the NSLSC, you may also call 1.888.815.4514.
Provide proof of your ongoing studies
Are you on a co-op work term or studying full-time without OSAP assistance?
During co-op placements, or if you return to full-time studies without further OSAP, the Continuation of Interest-Free Status is used to keep your loans in interest-free status and good standing. You must provide this form to the Financial Aid office for electronic submission to the National Student Loans Service Centre to have your file updated. This form cannot be submitted after the semester end date. You must be registered on Banner and you must update this form at the beginning of each new period.
The NSLSC uses the period of study end date indicated on your last confirmation of enrolment to calculate the six-month non-payment period before your repayment period starts. If you return to school but don’t receive any additional loans before the end of the six-month period, they have no way of knowing you have gone back to school. That’s why it’s important to keep all your loan providers up-to-date with your enrolment status.
You will need to repay your loan through the National Student Loans Service Centre. You can see the status of your loan, update your contact information, change your monthly payment amount and apply for the Repayment Assistance Plan by registering for the NSLSC’s On-line Services.
You will receive a notice in the mail that your loan repayments are about to begin. If you haven’t received anything by mail, make sure you contact NSLSC before your six-month non-repayment period is over. You’ll want to review all aspects of your loan(s) and finalize details concerning repayment.
Repayment Assistance Plan
If you’re having trouble making your required monthly payments, you could be eligible to lower your payments so they’re more affordable. Contact the NSLSC for more information.
- Through the Repayment Assistance Plan (RAP), you may qualify for a reduced monthly payment or no monthly payment.
- Through the Repayment Assistance Plan for Borrowers with a Permanent Disability (RAP-PD), you may qualify for a reduced monthly payment (or no monthly payment at all) and receive financial help with expenses related to your disability.
- You may be eligible to have your loans forgiven through the Severe Permanent Disability Benefit if you have a severe permanent disability.
- Under the Revision of Terms measure, you can ask to have your student loan payments decreased if you are having difficulty repaying your student loan debt or increased if you wish to pay off your loan debt more quickly.
- If your Canada Student Loan is in collection, Canada Student Loan Rehabilitation may be able to help you.
- You may be eligible for Canada Student Loan Forgiveness for Family Doctors and Nurses if you are working as a family doctor, resident in family medicine, nurse or nurse practitioner in a designated rural or remote community.
If you do not repay your loans
If you don’t make your loan payments, you will be in default. Talk to NSLSC before a problem occurs. This is what could happen if you are in default:
- Your debt will be turned over to a collection agency.
- You will be reported to a credit bureau.
- You could be ineligible for further OSAP until the default is cleared.
- You may have difficulty applying for credit.
- Your income tax refund and HST rebate could be withheld.
- Interest will continue to build up on the unpaid balance of your loan.
Students who are taking from 20 to 59% of a full course load can apply for assistance using the application for part-time students. Your program of study must be at the postsecondary level (degree, diploma or certificate program) and your total family income must fall below the applicable maximum based on your family size.
Applications are completed on a per-term basis, and students must be registered into courses before applications can be processed by the Financial Aid office.
How to apply
The application is available online and in paper format at www.osap.gov.on.ca/.
Information regarding income thresholds, funding maximums and application deadlines can be found online under the A-Z List of Aid (see Part-Time Canada Student Loan).
Documents you need to provide
To view what documents you need to provide, click on View Application Details on your OSAP online account. You will have access to the documents required under the Documents you must provide link. Incomplete applications cannot be processed.
How you get your aid
If you are receiving a Part-Time Canada Student Loan, you will be given two documents from the Financial Aid office:
- Certificate of Eligibility Part-Time Student Loans and Grants, the document indicating the amount of aid you will be receiving
- Canada Student Loan Agreement for Part-Time Students, in which you provide your contact and banking information required to negotiate your certificate
Review both documents carefully and complete the necessary sections. You will then submit your documents to a designated Canada Post Outlet for processing.
Am I eligible for the Ontario Tuition Grant?
Please go to www.ontario.ca/30off to find out.
How to apply
If you have applied for OSAP, you will automatically be considered for the 30% Off Ontario Tuition grant.
Log in to OSAP to check your status and to:
- find out if you’re approved for the grant
- check to see if there are things that still have to be done
- get details on your grant
If you’re not applying for OSAP, you can apply for the Ontario Tuition Grant on its own. The application, deadline information and instructions can be found at www.ontario.ca/30off.
When will I get my grant?
You will get your grant once:
- all documents are received (signature pages, and banking information form if you have requested direct deposit)
- your parent’s income is verified
- your school confirms that you enrolled
When everything is done, it takes seven to 10 days for the money to be deposited directly into your bank account or for a cheque to be mailed to the address you gave in the application.
How can parents help?
On your child’s 30% off Ontario Tuition Grant application, you’ll need to provide:
- your social insurance number
- the amount on Line 150 from last year’s Canadian income tax return
- your signed consent(s) to contact Canada Revenue Agency to verify your income
Students and their families are expected to contribute toward a postsecondary education. For all but about 15 per cent of college and university students, OSAP will cover the cost of tuition, books and school fees. For students with greater financial need than OSAP covers, Ontario introduced the Student Access Guarantee.
Through this guarantee, Ontario requires colleges and universities that receive public funding to provide enough financial aid to cover a student’s assessed needs for expenses directly related to his or her program, including books, tuition and mandatory fees, that are not fully met by OSAP.
Schools also strive to help students who may need additional financial assistance to help with living expenses or emergency situations. Schools can provide this funding through a combination of non-repayable sources, including bursaries, scholarships, work study programs or summer employment programs.
If you are applying to a first-entry program at a college or university directly from high school, you will automatically be considered for the Student Access Guarantee aid based on your OSAP application. If you qualify, the Ministry will notify your school of how much aid to give you.
If you are in a second-entry program (e.g., law, medicine or graduate programs) and you need additional financial support, you must apply to your school’s Financial Aid office. The school will then decide what mix of repayable and non-repayable aid it will provide.
You should contact your institution’s Financial Aid office for further information.
Planning, saving, budgeting
Planning to attend a postsecondary school is a big decision and should not be taken lightly. A postsecondary education is an investment and should be treated as such. The cost of higher education is steadily increasing, therefore saving and budgeting for postsecondary school is necessary to successfully complete your education. Students should learn how to make a budget and stick to it.
Budgeting is the foundation of good financial planning.
- Keep your budget current – revise it as your situation changes
- Review your budget monthly – are you on target?
- When you subtract your expenses from your incoming money, does it balance?
- What variable expenses can you reduce if necessary?
- Don’t live a lifestyle above your means or one that you may simply be used to
- Plan for the future – try to save money as often as possible, even if it is only $5 at a time
- Keep organized records of all your financial affairs (receipts, etc.)
- Maintain a good credit standing
- If borrowing, borrow only the minimum amount you need
- Investigate all borrowing options, and choose wisely
- Save credit cards for emergencies only
- Even in emergencies, limit credit card use and available credit
- Explore part-time jobs at the college
Please use this budgeting information to help plan your educational needs. Start by filling out this student budgeting form.
What should I do to prepare for the cost of my education?
Saving for your education is your key to success. How you fund your education is a decision that needs to be made early.
If you are applying for a private student line of credit at a bank or financial institution, different rules and procedures may apply, so check with your bank or financial institution on its procedures and deadlines.
The more money you can save for your education, the less debt you will face after graduation. It’s best not to expect full funding of your education from another source as it is not always available.
Where does all my money go?
Here are some sample expenses to give you an idea of how small expenditures can quickly add up. Keep this in mind when planning your budget.
|Activity for eight months (average school year)||COST|
|One movie, every Tuesday||$175|
|One coffee, every school day, for 8 months||$297|
|Order pizza, once a week, for a year||$495|
|One case of beer, once a week, for a year||$1,254|
|$30 hair cut, once a month||$240|
|Lunch out, three times a week, for eight months||$891|
|$5 cover charge, once a week, for a year||$165|
|Three bar drinks, twice a week, for eight months||$1,188|
|Two packs of cigarettes per week||$720|
Georgian College has established a bursary fund to aid eligible students who have applied for OSAP and require additional assistance in funding their education expenses. The bursary is valued at a minimum of $500, however the value may vary from term to term as funds permit. The bursary will be applied as a payment toward any outstanding balance with the college or as a deposit toward next semester’s tuition, if applicable.
- You must have completed an OSAP application for the current academic year.
- You must be enrolled full-time in the current academic year and be in good academic standing.
- Fall term: last business day in October
- Winter term: last business day in February
- Summer term: last business day in June
How do I submit the application?
Apply online for a Georgian College bursary.
The government of Ontario has allocated funds to create a bursary fund for Aboriginal postsecondary education students through the Ministry’s Access and Opportunities Strategy. This bursary will provide direct support to Aboriginal students with financial need to attend postsecondary studies.
- You must be considered an Ontario resident (resident of Ontario, minimum of 12 months prior to your first day of study at Georgian College).
- You must be enrolled in the current academic year of study in a postsecondary program.
- You must be an Aboriginal student who has self-identified with the college. If you have not self-identified, please contact Kathy Marsden, the Aboriginal Resource Centre, at email@example.com or call 705.728.1968, ext. 1316.
- You must have a financial need.
The deadline to apply for the 2013-14 academic year has passed. Please check back in fall 2014 for the application form.
- Open to students with financial need who are of Métis ancestry and are enrolled in any year, in any program at any campus.
- The Métis Bursary Application for Postsecondary Assistance must be completed and returned to the Financial Aid office, Georgian College, Barrie Campus.
- Award recipients are determined by the Métis Nation of Ontario in co-operation with the Financial Aid Office, Georgian College.
If you believe you meet the above criteria, please submit the completed application by the last business day in January.
How do I submit the application?
Complete the Métis National of Ontario Bursary Application and submit to the Financial Aid office.
First Generation students studying at a public Ontario college or university are considered for this bursary. A First Generation student is defined as a student whose parents have not participated in postsecondary studies.
- You must be a student whose parents have never attended full-time or part-time postsecondary studies in Canada or elsewhere.
- You must have submitted an OSAP application for the current academic year.
- You must be enrolled full-time in the current academic year and be in good academic standing. Students in second-entry programs (i.e., graduate certificates) are not eligible for this bursary.
- You must be returning to full-time studies at Georgian College for the winter or summer semester.
- You must complete the Ontario First Generation Bursary application in full.
- You must demonstrate a financial need on the budget provided.
The deadline to apply for the 2013-14 academic year has passed. Please check back in fall 2014 for the application form.
Funding is available to assist students who have been placed in serious financial difficulty due to sudden and unexpected situations such as fire, theft, death, accident, etc. Applications are available through the Financial Assistance office.
Submit your MSFAA at a designated Canada Post Outlet. Find the nearest one here: http://www.canlearn.ca/eng/tools/canada_post/index.shtml. Make sure you have your social insurance card and government-issued photo ID with you.
Once your OSAP application is complete and all supporting documentation has been submitted, your OSAP entitlement will be calculated. You will be notified via email once your OSAP has been calculated. You can check your entitlement and the status of your OSAP online at www.osap.gov.on.ca
OSAP funding can’t be released earlier than the first day of school. Before any funding can be disbursed to you, the following steps must be completed:
- Submit your MSFAA to a designated Canada Post Outlet
- Submit all of your OSAP supporting documents to your Financial Aid office
- Your school confirms your enrolment directly with OSAP (prior to each disbursement)
- You confirm your income online (prior to second semester disbursement)
The Ministry of Training, Colleges and Universities expects that students who are less than four years out of high school have parental income information as part of their OSAP application. We encourage you to explain this to your parents.
If you chose to have Georgian remit funds from your OSAP on your behalf, Financial Aid will remit the outstanding fees for that semester’s tuition.
It takes approximately seven to 10 business days from the date of release before the funds will appear in your bank account.
OSAP is comprised of both Canada Student Loans and Ontario Student Loans. It is likely you received your Canada portion first and your Ontario portion will follow in a few days.