New & Improved OSAP Process
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The Office of Student Financial Aid & Scholarships (SFAS) would like to introduce the NEW and IMPROVED OSAP Process, starting in the Fall of 2012.
This Fall there is NO in-person OSAP Release. You may see our "NO PICK-UP, NO PAPERS, NO LINES" posters around the University. OSAP funding will be distributed to a student's McMaster student account and/or personal bank account by direct deposit following the confirmation of enrolment, completed by the SFAS Office. The SFAS Office will begin to confirm student enrolment on the first day of the study period.
Once a week, OSAP alert messages will be sent via email to students who have had their enrolment confirmed that week. Students should allow 10 business days to receive their funding. It is the student's responsibility to check the payment of tuition fees and that all funding is received. Checking your status includes checking your OSAP status online, your McMaster account statement via MUGSI and your personal bank account for a deposit from the federal government.
For more information about the new OSAP process, please go to http://sfas.mcmaster.ca/osap.html or the OSAP website at https://osap.gov.on.ca.
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Join Date: Mar 2012
Posts: 35
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08-28-2012 at 12:05 AM
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#2
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Elite Member
Real name: Rioch
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Great big step in the right direction! This is going to save so much time for everyone!
I do have one question though about how the funds are received. Does McMaster automatically get what we owe them first and the remanning deposited into our accounts or do we get the entire lump sum and then we have to pay McMaster?
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08-28-2012 at 01:03 AM
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#3
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Elite Member
Real name: Angus
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How do they know we've enrolled or not if we don't have to show up in person :O. By the way on my student accounts transactions, there is already a deduction of x dollars. Does that mean I already got the money?
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08-28-2012 at 07:01 AM
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#4
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Power Abuser
Real name: Humza
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Quote:
Originally Posted by Crzyrio
Great big step in the right direction! This is going to save so much time for everyone!
I do have one question though about how the funds are received. Does McMaster automatically get what we owe them first and the remanning deposited into our accounts or do we get the entire lump sum and then we have to pay McMaster?
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Depends on what option you selected on your OSAP application. Did you not get any e-mails from the SFAS office sent to your McMaster e-mail regarding that? |
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08-28-2012 at 01:32 PM
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#5
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Elite Member
Real name: Angus
Program: Biology
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I just told them to use OSAP to deduct it from the tuition fee. Nope, no emails yet.
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09-02-2012 at 08:42 PM
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#6
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Real name: Jessie
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How do they figure your bank information? It was not part of the application.
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09-02-2012 at 08:45 PM
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#7
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Moderator
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Quote:
Originally Posted by jessbuggy
How do they figure your bank information? It was not part of the application.
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Yes it is. It's the information you have to provide on your MFSAA.
__________________
Jeremy Han
McMaster Alumni - Honours Molecular Biology and Genetics
Pennsylvania College of Optometry at Salus University Third Year - Doctor of Optometry
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09-02-2012 at 09:04 PM
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#8
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Elite Member
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Quote:
Originally Posted by jhan523
Yes it is. It's the information you have to provide on your MFSAA.
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Yep, Jeremy is right, when you gave them a void cheque, that was for your banking information (which are the numbers at the bottom of any cheque). |
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09-02-2012 at 10:11 PM
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#9
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Senior Member
Real name: Rianna
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Quote:
Originally Posted by Angoose
How do they know we've enrolled or not if we don't have to show up in person :O. By the way on my student accounts transactions, there is already a deduction of x dollars. Does that mean I already got the money?
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The school tells OSAP that you're enrolled once classes start. |
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