The Ontario Student Assistance Program (OSAP) is a financial help program offered by governments of Canada and/or Ontario for eligible students to pay for their college or university (public or private). OSAP offers two different types of funding for students to pay for their college or university: Loan and Grant.
A loan is the money that a student borrows from the governments of Canada and/or Ontario and must be paid back.
A grant is the money that a student typically does not have to pay back. A grant is usually awarded based on financial need and/or other factors.
• Canadian citizens,
• Permanent residents, or
• Protected persons or convention refugee