Cambrian College - Ontario Student Opportunity Grant (OSOG)

Costs and Budgeting

Government Loans

Scholarships and Bursaries

Government Grants

Ontario Student Opportunity Grant (OSOG)

The Ontario Student Opportunity Grant helps you to reduce your annual Canada-Ontario Integrated Student loan debt. This grant limits your repayable debt to $7,300 for a two-term academic year and $10,950 for a three-term academic year. The OSOG is available at the end of your academic year. You do not need to fill out a special application for this grant, because the information that you supply on your OSAP application is used to determine your eligibility.

You are eligible for OSOG provided that:

You complete the year of study for which you received funding.
You received funding greater than the maximum amounts specified below.
You are not restricted from further assistance (i.e. no loan defaults).
You file your taxes.

Term	Funding Available
1 term	Not applicable
2 terms	$7,300
3 terms	$10,950

The grant is not paid directly to you. If you are eligible, it is sent to the National Student Loans Service Centre to pay down your student loan(s). It is used to pay down the Ontario portion of your Canada-Ontario Integrated Student Loan. The Ministry will send you a letter indicating the amount of your grant.

Note: A change to the amount of loan that you are entitled to receive may affect your eligibility for an Ontario Student Opportunity Grant. Each year, OSAP verifies with Canada Revenue Agency (CRA) your income and the income of your parent(s) or partner (if applicable) as reported through your OSAP application. If there is a difference between the income that is reported to OSAP and the information received from Canada Revenue Agency, your loan entitlement is reassessed and the amount of loan you are entitled to receive may change.