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Queen's University
 

Queen's University Financial Aid

The Student Awards section of the Office of the University Registrar is located in Room 101, Richardson Hall.

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Bursaries

Queen's University has a limited amount of general bursary funds available to students. Bursary funds are intended to assist primarily in emergency situations. They are also a final resource available when the student's own financial contribution to the cost of his or her education, parental assistance, government aid, a bank loan/line of credit, and Queen's loans still leave the student with insufficient funds to complete the academic year. Need is the primary consideration in the award of a bursary.
 

Normally, applications for bursaries must be submitted to the Associate Registrar (Student Awards) prior to October 31. Funds will be distributed at the beginning of the Winter Term. In the case of extreme emergency where immediate assistance is required, students should contact the Student Awards Office for an appointment.

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Loans

Queen's University, its graduates and friends have established a number of loan funds for the assistance of undergraduate and graduate students. Loans are made on the basis of financial need, academic merit, and general integrity.

Short-term loans of 90 days or less may be granted to students who are temporarily in need and who can produce satisfactory evidence that they will have sufficient money to make repayment on or before the due date. A service charge of two per cent of the principal amount (minimum $5) is charged at the time the loan is obtained. No other interest or service charges accrue so long as the loan is not allowed to become overdue.

General or long-term loans can be available for students who require assistance for more than 90 days. Before financial assistance is given, the loan committee must be satisfied that the applicant has applied to all other eligible sources of aid. The interest rate on general loans is the same as the bank rate the University is able to obtain for itself, and the interest is compounded monthly. Students will be advised of the interest rate in effect at the time application is made. Interest rates will be set on September 30 each year and the new rate will apply to all outstanding loans.

Repayment of long-term loans must normally be made by the September 30 that follows the date on which the loan was granted. Another loan for the next year may be granted if the student applies and justifies the need.

Students contemplating an application for university loan assistance should determine their income and expenditures for the session and apply at least two weeks in advance of the actual need.

Application for a university loan should be made at the Office of the Associate Registrar (Student Awards), Queen's University, Victoria School, Kingston. (613-533-2216)

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Ontario Student Assistance Program

Government aid programs are the major source of funds for students who have limited financial resources; however, government aid programs are based on the assumption that it is primarily the responsibility of the students and their parents or spouse to provide for post-secondary education.

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 students and their parents or spouse.

No interest or principal payments are required on these loans 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. Interest charges begin accumulating in the month following full-time studies. Students must sign payment agreements with the service provider within six months after completion of full-time studies.

Students who have been absent for six months or more and who plan to register in spring or summer courses before returning to study in the fall must register in a minimum of 1.5 credits in order to qualify for interest-free status.

Applications for OSAP are available from the Student Awards Office at Queen's or any post-secondary institution in Ontario. Off-campus students may write to request an application form: Student Awards Office, Queen's University, Kingston, Ontario, K7L 3N6; awards@queensu.ca ; (613) 533-2216. Students should be aware that there is a $10 processing fee for this type of application. Students may also go to the OSAP web site at: http://osap.gov.on.ca and complete an on-line OSAP application. There is no charge for this type of application.

If you wish to ensure that funding is available in September you should apply for OSAP by July 1; however, the OSAP application deadline is 90 days prior to the end of term.

Non-residents of Ontario must apply to their own province for aid under the Canada Student Loans Plan in addition to any provincial aid that may be available.

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Part-time Canada Student Loan/Special Opportunity Grant Program (PTCSL/SOG)

In order to be eligible for a Part-time Canada Student Loan/High Need Part-time Canada Study Grant, you must be a Canadian citizen or permanent resident of Canada, as well as a resident of a province or territory that participates in the Canada Student Loans Program. You may take a maximum 40% course load (1.0 credit per term). This part-time program only considers direct educational costs (i.e. tuition, compulsory fees, required textbooks, etc.); there is no assistance to cover living expenses. The government has outlined the maximum total family gross income and assets per family size a student must meet in order to qualify for assistance. The maximum amount of loan available is $4,000. These loans are not interest-free. In order to qualify for the High Need Part-time Canada Study Grant you must meet the government's target group for part-time studies (i.e. you are a sole support parent with parent under the age of 11, you are disabled, you are restricted by the university to part-time studies, etc.). The maximum amount of grant assistance available is $1,200 per year (May to April). Applications are available in the Office of the University Registrar (Student Awards).

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Ontario Special Bursary Program (OSB)

In order to be eligible for Ontario Special Bursary you must be a Canadian citizen or permanent resident and you must meet the Ministry's guidelines for Ontario residency. You must be enrolled in a program leading to a degree or diploma. You may take a maximum 40 per cent course load (1.0 credit per term). You cannot have a previous post-secondary degree or diploma. The government has outlined the maximum total family gross income and assets per family size a student must meet in order to qualify for assistance. A student must also meet the government's target group for part-time studies (i.e., you are a sole support parent with children under the age of 11, you are disabled, you are restricted by the university to part-time studies, etc.). This part-time program only considers direct educational costs (i.e., tuition, fees, books, etc.); there is no assistance available to cover living expenses. The maximum amount of assistance available is $2,500 per year (May to April).

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Bursaries for Students with Disabilities (BSWD)

Special Needs students who have applied for funding through one of the following government student financial assistance programs (Ontario Student Assistance Program (OSAP), Canada Student Loan, Part-Time Canada Student Loan/High Need Part-Time Canada Study Grant Program or Ontario Special Bursary) and have qualified for at least a one dollar need, may be eligible to receive additional (non-repayable) bursary assistance to help cover the cost of educationally-related equipment and/or services. Students must be registered with the Disability Services Office, Queen's University. The student must meet with a Disability Services Advisor to determine eligibility (some restrictions apply).

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Work Study Program

This program aims to assist students in the greatest financial difficulty who have the fewest options to secure their own funding. Applicants who apply and are approved on this program are given access to part-time jobs on campus and in various non-profit organizations. The costs of the program are shared by the departments and the Ministry of Training, Colleges and Universities. The program is open to all full-time students. Applications are available in the Student Awards Office in mid-April, or on the Student Awards website.

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Kingston, Ontario, Canada. K7L 3N6. 613.533.2000