Transcript OT / PT Orientation Session from the Office of Student Financial Aid

OT / PT Orientation Session
from the
Office of Student Financial Aid &
Scholarships (SFAS)
Leanne Ruiz
Manager, Student Services
Fall Orientation 2014
The OSAP Process
THE APPLICATION
 APPLY: Submit a completed 2014-2015 OSAP application online at
https://osap.gov.on.ca. Complete the ‘New User Registration’ and
confirm your new Student Profile.
 SIGNATURE PAGES: New OSAP applicants submit signature pages
and supporting documentation to the Office of Student Financial
Aid & Scholarships. Returning students, who completed a 13/14
OSAP application, do not need to print or submit signature pages
for a 14/15 OSAP application.
 MSFAA: Take your Master Student Financial Assistance Agreement
(MSFAA) to a designated Canada Post outlet. Don’t forget your ID
and banking information
 PAYMENT AGREEMENT: Confirm your payment agreement and
become fully registered
 OSAP STATUS: Check your OSAP status regularly at
https://osap.gov.on.ca
The OSAP Process
YOUR FUNDING
 APP CHANGES: Make any necessary changes to your OSAP application
(course load, income etc.)
 CHECK EMAIL: At the beginning of each term, check your OSAP email
account for notification that McMaster has confirmed your enrolment
and when to expect an installment of OSAP funding
 BANK ACCOUNT: Check your personal bank account for the deposit(s)
of funding from the provincial and/or federal government for the fall
term
 PAYMENT: Make a payment to McMaster University by Sept 15
 INCOME UPDATE: Complete the Income Update online in November
 BANK ACCOUNT: In January, check your personal bank account for the
deposit(s) of funding from the provincial and/or federal government
for the winter term
 PAYMENT: Pay the remaining balance on the McMaster student
account before January 15
OSAP Income Update
• Early November, student will be asked to
complete an Income Update online as part of
the OSAP process
• It is the student’s opportunity to report any
income changes prior to income verification
• Income verification is completed by OSAP in
the June to compare your OSAP application to
your income tax
Continuation of Interest Free Status
• The CIFS form is available on the SFAS website at
http://sfas.mcmaster.ca
• This form is to keep previous OSAP loans in a nonrepayment, interest free status
• This form is used when:
– A student previously had OSAP, is enrolled full-time
for 14-15 but not receiving OSAP
– A student previously had OSAP and their 14-15 OSAP
is delayed
– A student previously had OSAP and is on a coop term
for 14-15
Out-of-Province Students
• The SFAS Office completes government aid forms
for McMaster students from other provinces:
– Student Aid application forms (i.e. Appendix 3,
Program Information Forms, Confirmation of
Enrollment, Schedule 2/Form B)
• Students can apply for Continuation of Interest Free Status
for previous federal and/or provincial loans via the National
Student Loans Service Centre portal at www.canlearn.ca
• Interest-free status for federal and provincial loans is
confirmed electronically for students from all provinces
except PEI and Manitoba. Students from these two
provinces must bring a paper form B, printed from their
province’s website, to be completed by the Office of Student
Financial Aid & Scholarships
McMaster General Bursary Program
• Bursary Applications: Available to fully registered OTPT students online
via MUGSI at https://adweb.cis.mcmaster.ca/cis/ahtml/login.htm from
September 15th to January 9th. To apply, log on to MUGSI, click on
‘Financial Aid’ and then click on the ‘Bursary Application Form’ from the
APPS list.
• Eligibility: Students MUST first have:
– RECEIVED government student aid through their home province for
the current year
– provided any required bursary supporting documentation
– met published bursary application deadline dates
– demonstrated financial need in excess of government student loan
funding
TD Line of Credit
• OTPT students who have exhausted their own resources and government
student loan support may wish to investigate a student line of credit at a
financial institution. As the financial institution chosen by McMaster
University to offer Student Lines of Credit, TD Canada Trust can help you
finance your professional or graduate school studies.
• The TD Canada Trust Student Line of Credit is designed to provide the
flexibility required by students in professional and graduate schools.
Benefits include an available credit limit that you can use to cover all or
part of your educational and living expenses or any other expenses, at a
competitive variable interest rate. Payment options are flexible, with no
prepayment penalties, and there are no set-up, monthly or annual fees.
• To discuss your options or learn more about the TD Canada Trust Student
Line of Credit, visit any TD Canada Trust branch, call 1-888-660-5958 or
visit our website at http://www.tdcanadatrust.com/student. TD Canada
Trust is open longer to serve you better at branches throughout the
community.
Office of Student Financial Aid
& Scholarships (SFAS)
Gilmour Hall, Room 120
(905) 525-9140 ext. 24319
Online at
http://sfas.mcmaster.ca