The Ontario Student Opportunity Grant (OSOG) is designed to reduce a student's annual OSAP debt. For complete information including eligibility and conditions please visit the OSOG section of the OSAP website.
OSOG limits a student's annual repayable OSAP loan debt to be no more than:
Below is an example how OSOG would affect a student's OSAP debt load at the end of an academic year. This example is based on an full-time undergraduate student (studying over the Fall-Winter), who received maximum OSAP funding. Please note that OSOG is assessed on a case by case basis.
OSAP Maximum Loan
$360 per week* x 34 weeks of study
|TOTAL OSAP LOAN FUNDING RECEIVED BY STUDENT||$12,240*|
|Non-repayable Ontario Student Opportunity Grant||$12,240- $7,300* = $4,940|
|Repayble OSAP Loan||$12,240 - $4,940 = $7,300*|