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OSAP repayment

Repaying a loan

Loan repayment will begin when you:

  • Graduate
  • Leave school for more than six months
  • Cease to be a full-time student

When you arrange to repay your student loans, this is called consolidation.

You will have a six-month non-repayment period after leaving school. During this time you will not be required to start repaying your loans, although interest on the federal portion of your loan will accumulate during this period; no interest is charged during the non-repayment period for the Ontario provincial loan portion of your loan.  At the time your repayment begins, in relation to your accumulated interest, you can choose to:

  • Begin making interest payments immediately.
  • Pay the six-month interest charges before you start making your regular payments.
  • Have the interest added to your loan after the six-month non-repayment period.

Full-time students receive an integrated student loan, which means your OSAP funding is provided from both the governments of Canada and Ontario. Repayment can be made through the National Student Loans Service Centre (NSLSC). Once you have set up your online account with NSLSC, the NSLSC's Online Service allows you to see the status of your loan, update your contact information, change monthly payment amounts and apply for a Repayment Assistance Plan (RAP).

In order to keep your loans in good standing, it is important to make your minimum, required monthly payments as stated on your consolidation document from NSLSC. You can choose to make lump sum payments at any time during the life of your loan (including making payments prior to the date your repayment begins); you can also pay off your loan in full at any time without penalty. Contact your service provider (NSLSC) to obtain your current balance.

How to pay YOUR OSAP loan

It is your responsibility to ensure NSLSC (the loan provider) has your correct contact information (e.g. address and phone number) on file. The repayment documentation will be sent in the mail to the address on file before your six-month grace period expires from the National Student Loans Service Centre (NSLSC); this documentation will notify you that your loan repayment is about to begin, and will contain the following information:

  • Amount of your loan
  • Your interest rate
  • Your repayment term (e.g. how long it will take to repay your loan)
  • The amount of each loan payment
  • Your first payment date

Once you receive your consolidation documents from the service provider (NSLSC), you must advise them as to how you are going to pay the non-repayment period interest—if you do not notify them, the interest will automatically be added to your loan balance at consolidation.

You will also receive a repayment schedule with your consolidation document. The schedule allows you to:

  • Make changes to the repayment schedule.
  • Confirm the repayment schedule.
  • Ensure your banking information is current for repaying your loan.


If you have trouble finding employment, or find it difficult to repay your student loan because of financial hardship, there is help.

Programs such as Revision of Terms and the Repayment Assistance Plan (RAP) are available to either defer or reduce your required monthly payment.  If you need repayment assistance, you can apply for the Repayment Assistance Plan and receive an estimate of repayment using the Repayment Assistance Estimator.

Contact the National Student Loans Service Centre (NSLSC) at 1.888.815.4514 (Monday to Friday, 8 a.m. to 8 p.m.) for further information about loan repayment and payment options.

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