Frequently Asked Questions
General Questions
Q. I want to study but I need advice on financial assistance. Can I talk to someone at Academy of Learning about my financial situation?
Yes. You can obtain advice over the phone or you can arrange for a personal appointment with our college. Please call 416 969 8845 or go to contact us to submit an inquiry form for your questions.
Q. How can I apply for a Bursary?
Academy of Learning College offers various bursaries to qualified students. Please call 416 969 8845 or go to contact us to submit an inquiry form for your questions.
Q. When will I find out the results of my bursary application?
You will receive written notice (mail or email) one week after your interview with our college.
OSAP Related Questions
Q. What is OSAP?
OSAP is a term used to refer to provincially and federally funded student financial assistance in Ontario.
OSAP provides assistance in various forms to over 200,000 students per year.
NEED FURTHER INFORMATION?
Visit the Canada Student Loans Program website:
http://www.canlearn.ca/
Visit the Ontario Student Loans Program website:
http://osap.gov.on.ca
Q. When should I apply for OSAP?
You should apply as soon as possible to avoid missing the deadline. Please call 416 969 8845 or go to contact us to submit an inquiry form for your questions.
Q. I made a mistake on my OSAP application. What should I do?
Contact us immediately and we will assist you to correct the mistakes. Please call 416 969 8845 or go to contact us to submit an inquiry form for your questions.
Q. I don't live in Ontario. Can I apply for OSAP?
Unfortunately, no. If your home province is not Ontario, then you must apply student loan assistance through your home province for information regarding government assistance.
Q. Do I have to pay interest on student loans?
While you are attending school, full time, there is no interest charged to you. It is important to note that you alone are responsible for ensuring that your lending institution is kept informed of your registration status. If you do not negotiate a Canada Student Loan/Ontario Student Loan in each term of your studies, then you must complete a Continuation of Interest Free Status Form and submit the form to the Student Financial Aid Office. This will advise the lending institution that you are registered in school full-time. You must complete a Continuation of Interest Free Status Form for each study term that you are attending school full time and not receiving OSAP loans.
Q. What happens if I withdraw from studies?
If you withdraw from your program, or stop attending classes, your application will be reassessed and your original OSAP entitlement will be recalculated based on the number of weeks you were in attendance. You will immediately lose your interest-free status on your Canada and Ontario Student Loans, and you must make arrangements to begin repayment of your outstanding Canada/Ontario Student Loan debt six months from the month in which you ceased full time attendance. If you return to school within the six-month period and you notify your lending institution of your registration status, your loans will return to interest-free status.
Picking Up OSAP
Q. When and where do I get my OSAP loan documents?
OSAP loans are released beginning the first week of each term. You may pick up your OSAP loan documents at Academy of Learning.
Q. What do I need to bring to pick up my loan documents?
Please bring a government issued Photo I.D. and your Social Insurance Card:
- Photo I.D. (e.g. Driver's Licence, or Passport)
- Social Insurance Card (original card, photocopy of Social Insurance Card or the receipt for a replacement card).
Q. I lost my Social Insurance Card. Where do I get a new one?
If your SIN card is lost or stolen, you can order a new one at any offices of Human Resources Development Canada.
You will receive a receipt for your card but the actual card will be mailed to you.
