So my first question, which sounds kind of stupid, but is there a difference between the 2? Cause when I look at my payment agreement page, it says that my OSAP is still pending, and the amount is N/A. But then the Flex Osap plan says $7357.09.

Also on the MUGSI page, it says that most recent OSAP updates for your account will be on MUGSI for your convenience. Well, on my OSAP page, it says I do not require financial assistance, and therefore will not be receiving it, but then on MUGSI, it says that I am entitled to it.

And about the Flex OSAP plan, does it mean that I will not be charged interest if I pay the payment agreement amount in full? And the remaining owing would be owed to OSAP only, in which OSAP will not charge interest?

Originally Posted by knguyens2

So my first question, which sounds kind of stupid, but is there a difference between the 2? Cause when I look at my payment agreement page, it says that my OSAP is still pending, and the amount is N/A. But then the Flex Osap plan says $7357.09.

Also on the MUGSI page, it says that most recent OSAP updates for your account will be on MUGSI for your convenience. Well, on my OSAP page, it says I do not require financial assistance, and therefore will not be receiving it, but then on MUGSI, it says that I am entitled to it.

And about the Flex OSAP plan, does it mean that I will not be charged interest if I pay the payment agreement amount in full? And the remaining owing would be owed to OSAP only, in which OSAP will not charge interest?

There isn't a difference between the two in terms of what money you're getting. The only difference is the payment method...I have payment in full, and that's basically paying everything in one go. I believe the flex plan is paying part in september, and the full amount is not due until January (I think?), but there is still interest with the flex plan. I think it's 1.2% per month.

I'm not sure about mugsi and osap :S, but for me, I never go on the osap page...I just always go on mugsi to check out my osap. Sorry, Can't help you here :(

As I said before, the flex plan has interest. For payment in full, interest won't start until september 30th. I'm not a 100% on this, but I think OSAP doesn't start interest until you graduate. Anyone wanna confirm this?

No interest until you graduate. I'm not 100% sure if thats as soon as your classes end, or 6 months after though...

Originally Posted by Manley

No interest until you graduate. I'm not 100% sure if thats as soon as your classes end, or 6 months after though...

Interest starts accumulating the day you graduate but you don't have to make your first payment until 6 months later.

thanks guys, this helped cleared some things up.