Originally Posted by Kathy2
I have used OSAP before, but I have never indicated it on the Payment Agreement (I usually choose "Pay in Full").
I will receive enough OSAP to cover my entire tuition. So if I choose OSAP as my payment option on my payment agreement, do I just sit back and let OSAP come in, or do I have to pay anything out of my pocket by a certain date?
Only 60% of your OSAP will go towards your tuition in September. If you have enough you can choose the OSAP flex plan, but you should note that there will be interest from September to January. So make sure you have enough OSAP to cover your tuition minus 60% OSAP plus the monthly interest.
You can also choose the payment in full and pay your tuition minus 60% OSAP. The 40% OSAP in January will then go into your pocket.