1 ) do i still indicate OSAP in the funding options even if it is not going to be approved by july 15th?

2) if my parent are paying, do i select external sponsorship or do i leave the section blank?

Definitely select OSAP if you've applied for it. It doesn't have to be approved now, it will be approved in time (if you've submitted the application).

Even if your parents are paying, you don't have to select external sponsorship. I'm pretty sure that refers to someone completely removed from you paying for you (i.e a company from whom you've won a scholarship or something like that). I've always left it unchecked even when my parents paid.

1) Not yet and 2) No.

You can confirm the payment agreement now but you can't select OSAP yet (leave it unchecked). Check back in a few weeks and OSAP should be processed and you can then check it off and re-confirm the payment agreement with your new dollar amount.

And if your parents are paying, then it doesn't mean you pick External... thats for scholarships. You leave that unchecked and choose ONLINE or CHECK for the type of payment, and then let your parents either pay McMaster online through their bank... or write a check for you that you can mail to McMaster's Registrar Office.