The Ontario Student Assistance Program (OSAP) combines assistance available through the Canada Student Loan Plan and the Ontario Student Loan Plan.
The amount of the loan under the OSAP program, which is determined by the provincial government, takes into consideration the financial resources of the student and his or her parents or spouse. No interest or principal payments are required on the Canada or Ontario Student Loan while the student is in full-time attendance at an approved post-secondary institution. Interest charges during this period are paid by the federal and provincial governments. After the interest-free period, interest charges begin to accrue on the unpaid balance of all consolidated loans.
Application kits are also available in the Guidance Offices of Ontario High Schools. Completed application forms should be forwarded to the Associate Registrar (Student Awards). It is strongly recommended that students submit their applications only after they have accepted Queen's offer of admission and prior to 1 July. Students who are not residents of Ontario must apply through their own province for assistance.