OSAP continuation of interest-free status
If you are continuing in your studies but are not receiving OSAP aid for your current study period, you must make sure that your previous loans remain in interest-free status. Interest-free status means that you do not have to start repaying your loans while in school. During this time, the Government of Canada and/or the Province of Ontario will pay the interest on those loans on your behalf.
When you are no longer studying full-time, however, you will be required to start repaying your loan(s) six months after the end of your last study period.
If you currently are enrolled full-time and you are receiving OSAP for your current period of study, do not complete this form.