University Registrar - Student Awards
Queen's University-
Financial Assistance
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Government Student Assistance
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OSAP
- Overview and Available Funding
- Planning Ahead
- Eligibility
- Applying
- Tips for Students Reporting Income on an OSAP Application
- Dates and Deadlines
- Receiving Your Funding
- Paying your Tuition and Fees with OSAP
- Making Changes to your OSAP Account
- Queen Elizabeth II - Aiming for the Top Scholarship
- Taking Courses at Another Institution
- Summer Term OSAP
- QUIP students
-
OSAP Appeals
- Family Breakdown / Step Parent Reviews
- Provincial Residency
- Estimated Income
- Exceptional Expenses (Students, Spouses, and Parents)
- Additional Local Travel
- OSAP Applicant has dependent(s) in Postsecondary Studies
- Living Allowance for Single Students
- Exemptions For Non-Employment Income
- Income Contributions - Lack of Employment
- Social Assistance And Other Government Income
- Legal Guardianship
- Vehicle Asset Exemption Level
- Vehicle's Current Gross Market Value
- Market Value of Vehicle Modified to Accommodate Disability
- Vehicle's Ownership
- Vehicle Considered More than Once
- Contribution From RRSP's
- Contribution From Other Assets
- Asset Valuation Date
- Loan Overawards And Eligibility
- Academic Progress
- Ontario Distance Grants
- Bankruptcy
- Consumer Proposals
- Consolidation Orders
- Credit Checks
- OSOG Eligibility Issues
- Supporting Documentation Requirements For Protected Persons
- Overpayment
- Academic Progress Requirements
- Fee Refunds for Students with OSAP
- Ontario Student Opportunity Grant (OSOG)
- Maintaining Interest Free Status
- Repayment
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OSAP
- Admission Scholarships, Bursaries, and Awards
- General Bursary
- Work Study Program
- Student Line of Credit
- Study Abroad and BISC
- Upper Year Awards
- Part Time Students
- Ban Righ Centre Bursaries and Awards
- Aboriginal Awards
- Students with Disabilities
- International and U.S. Students
- Athletic Financial Awards
- Short Term Loan
- Emergency Assistance
- External Awards
- Faculty of Law Students
- School of Medicine Students
- Consecutive Education Students
- Awards for Queen's Alumnae
- Student Financial Advising
- Verification of Enrolment Form
- Income Taxes (T4A)
- Fee Refunds
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Government Student Assistance
OSAP Appeals
Adjust Contribution from RRSPs
RRSP Loans Taken Out to Purchase an RRSP
RRSP loans taken out to purchase RRSPs can be used to reduce the value of the RRSPs used in the student’s need assessment.
When adjusting the value of RRSPs to be used in the need assessment, the RRSPs purchased by the student/spouse and the outstanding RRSP loan must be valued as at the asset valuation date.
Documentation Required:
- letter of explanation from student; and
- Signed and dated statement from the student's/spouse’s financial institution/investment broker/investment company stating the amount of the RRSP loan outstanding as of the asset valuation date.
Taxes on RRSP Withdrawals
If a student/spouse reports the gross value of RRSPs withdrawn without taking into account the tax implications/hold-back for the withdrawal, the value of the RRSPs used in the need assessment can be reduced by the amount of tax the student/spouse would be required to pay for withdrawing the RRSPs.
Documentation Required:
- Signed and dated statement from the student's/spouse’s financial institution/investment broker/investment company indicating the value of the RRSP after taxes have been deducted.
Locked-in Retirement Savings
Students and their spouses, if any, are not required to report amounts in locked-in retirement savings accounts as an RRSP on their OSAP application if they do not have access to the funding in the accounts.