Education is incredibly important for your future, but sometimes it can be challenging to save enough money to fund your educational programs. Many financial aid methods are available to Canadian citizens to help them support their education, including OSAP.
For those heading to a private career college, you may be wondering whether OSAP and other financial aid options are available to you. We’ve gathered all of the information necessary for you to understand OSAP and financial aid at a private career college below.
Ontario Student Assistance Program (OSAP)
OSAP, which stands for Ontario Student Assistance Program, is a financial aid program dedicated to Ontario residents looking to enter post-secondary education. The program offers grants, which you don’t need to pay back, and loans, which you pay back after completing your education.
OSAP helps you to pay for your tuition, books, and equipment you may need while studying, any fees your school requests, and living expenses for full-time students. It also pays for childcare, when applicable, for both full and part-time students.
The program is open to all Canadian citizens, permanent residents of Canada, and protected persons, though you do have to meet some criteria to be eligible. Criteria include meeting specific academic requirements and being a resident of Ontario, among others.
The amount you receive from the OSAP depends upon a few things, including your educational expenses, your course load (whether you’re part-time or full-time), your program hours, and your financial situation. You may be eligible for additional funding if you are an indigenous person, a youth in extended society care, or a person with a disability.
Ontario Career Colleges & OSAP
If you’re looking to study at a private career college, you might be wondering whether you will be eligible for OSAP. Fortunately, the answer is yes!
Private career colleges must apply for OSAP every year to ensure that any of their students wishing to use these funds may be eligible. Citi College applies to OSAP yearly and is proud to offer OSAP as a financial aid option in the 2022-23 academic year. We will continue applying for the program to ensure our students have a range of choices regarding financial aid.
How Citi College Can Help You Receive Financial Aid
Here at Citi College, we believe education should be accessible to all. If you’re struggling to understand all the different financial aid options, or you just need some guidance, head down to our financial aid department.
Our financial aid department can help students determine which funding options best suit them and which options they can qualify for. They will help make the process stress-free and ensure that you can continue your education without worrying about funding.
Looking For the Best Ontario Career College In Toronto & Mississauga? Call Citi College Now!
Citi College is a private career college that aims to help all students find the appropriate financial aid options for their situation. Whether you use OSAP or another funding option, our financial aid department is always happy to help you out! If you have any more questions or concerns, be sure to contact us!