Need to repay OSAP?
Be sure to consult the OSAP website if you have questions about when and how to pay back your OSAP loan.
There is a six-month grace period after your last confirmed study period ends. During your six-month grace period:
- no interest is charged on the Ontario portion of your loans
- interest is charged on the Canada portion of your loans
- no payments are required
Your study period is confirmed if your application for one of the following programs is approved and U of T confirms your enrolment:
- OSAP for Full-Time Students, or
- Continuation of Interest-Free Status
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